Showing posts with label 2018 – Mar 16. Show all posts
Saturday, 10 March 2018
Nifty Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)
Nifty closed the week on negative note losing around 2.20%.
As we have mentioned last week, that support for the index lies in the zone of 10400 to 10500 where break out levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying. During the week the index manages to hit a low of 10141 and close the week around the levels of 10227.
Support for the index lies in the zone of 10000 to 10100 where the index has taken multiple supports in the month of November-2017 & December-2017 and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 9500 to 9600 where Fibonacci levels and lows for the month of August-2017 and September-2017 are lying.
Resistance for the index lies in the zone of 10400 to 10500 where medium & short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 10650 to 10750 from where the index has opened gap down.
Broad range for the week is seen from 10000 on downside & 10500 on upside.
MORE WILL UPDATE SOON!!
Nifty Bank Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)
Nifty Bank closed the week on negative note losing around 2.40%.
As we have mentioned, last week that the index has closed around the support zone of 24900 to 25000 from where the index broke out of triple top pattern and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24200 to 24300 where Fibonacci levels are lying. During the week the index manages to hit a low of 24048 and close the week around the levels of 24296.
Support for the index lies in the zone of 24200 to 24300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 23500 to 23600 where the index has formed a bottom in the month of September-2017.
Minor resistance for the index lies in the zone of 24700 to 25800. Resistance for the index lies in the zone of 25000 to 25100 where break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 25500 to 25600 where short & medium term moving averages are lying.
Range for the week is seen from 23700 to 23800 on downside & 24700 to 24800 on upside.
MORE WILL UPDATE SOON!!
Nifty IT Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)
Nifty IT index closed the week on negative note losing around 0.20%.
As we have mentioned last week, that resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 12930 and close the week around the levels of 12747.
Minor support for the index lies in the zone of 12500 to 12600. Support for the index lies in the zone of 12200 to 12300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 11700 to 11800 where medium term moving averages and Fibonacci levels are lying.
Resistance for the index lies in the zone of 12800 to 12900 from where the index has opened gap down and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 13400 to 13500 where the index has formed a top in the month of January-2018.
Broad range for the index in the coming week is seen from 12200 to 12300 on downside & 13200 to 13300 on upside.
MORE WILL UPDATE SOON!!
Nifty Pharma Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)
Nifty PHARMA index closed the week on negative note losing around 4.50%.
As we have mentioned last week, that support for the index lies in the zone of 8900 to 8950 where the index has taken support in the month of December-2017. If the index manages to close below these levels then the index can drift to the levels of 8700 to 8750 where the index has formed a double bottom in the month of February-2018. During the week the index manages to hit a low of 8491 and close the week around the levels of 8516.
Support for the index lies in the zone of 8300 to 8350 where the index has taken support in the month of August-2017. If the index manages to close below these levels then the index can witness a freefall to the levels of 8000 to 8050 where Fibonacci levels are lying.
Resistance for the index lies in the zone of 8700 to 8750 from where the index broke down from February-2018 lows. If the index manages to close above these levels then the index can move to the levels of 8950 to 9000 where break down levels are lying.
Broad range for the index is seen from 8300 to 8350 on downside & 8700 to 8750 on upside.
MORE WILL UPDATE SOON!!
Nifty FMCG Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)
Nifty FMCG index closed the week on negative note losing around 1.80%.
As we have mentioned last week, that support for the index lies in the zone of 26000 to 26200 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25400 to 25500 where Fibonacci levels are lying. During the week the index manages to hit a low of 25731 and close the week around the levels of 26020.
Support for the index lies in the zone of 25800 to 26000 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25300 to 25400 where Fibonacci levels are lying.
Minor resistance for the index lies in the zone of 26300 to 26400. Resistance for the index lies in the zone of 26700 to 26800 where Fibonacci levels 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 27800 to 27900 where the index has formed a high in the month of January-2018.
Broad range for the index in the coming week is seen from 25400 to 25500 on downside & 26400 to 26500 on upside.
MORE WILL UPDATE SOON!!
Technical Analysis-Banking Sector and its Main Components-(Mar 12, 2018 – Mar 16, 2018)
SBIN closed the week on negative note losing around 3.40%.
As we have mentioned last week, that support for the stock lies in the zone of 250 to 255 from where the stock has opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245 where the stock has taken support in the month of October-2017. During the week the stock manages to hit a low of 244 and close the week around the levels of 253.
Support for the stock lies in the zone of 250 to 255 from where the stock has opened gap up and Fibonacci levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 240 to 245 where the stock has taken support in the month of October-2017.
Resistance for the stock lies in the zone of 270 to 275 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 285 to 290 where short & long term moving averages are lying.
Broad range for the stock in the coming week can be 240 to 245 on lower side & 270 to 275 on upper side.
HDFC Bank closed the week on negative note losing around 1.20%.
As we have mentioned last week that support for the stock lies in the zone of 1840 to 1850 where lows for the month of January-2018 and February-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1780 to 1800 where the stock has taken support in the month of November-2017 & December-2017 and long term moving averages are lying. During the week the stock manages to hit a low of 1828 and close the week around the levels of 1851.
Support for the stock lies in the zone of 1840 to 1850 where lows for the month of January-2018 and February-2018 is lying. If the stock manages to close below these levels then the stock can drift to the levels of around 1780 to 1800 where the stock has taken support in the month of November-2017 & December-2017 and long term moving averages are lying.
Resistance for the stock lies in the zone of 1890 to 1900 where from the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 1930 to 1940 from where the stock has opened gap down.
Broad range for the stock in the coming week can be 1820 to 1830 on lower side & 1900 to 1920 on upper side.
ICICI Bank closed the week on negative note losing around 4.00%.
As we have mentioned last week, that support for the stock lies in the zone of 300 to 305 where long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 280 to 285 where the stock has opened gap up. During the week the stock manages to hit a low of 285 and close the week around the levels of 292.
Support for the stock lies in the zone of 280 to 285 where the stock has opened gap up. If the stock manages to close below these levels then the stock can drift to the levels of 265 to 270 where long term Fibonacci levels are lying.
Minor resistance for the stock lies in the zone of 300 to 305. Resistance for the stock lies in the zone of 315 to 320 from where the stock broke down from double bottom pattern. If the stock manages to close above these levels then the stock can move to the levels of 340 to 345 from where the stock broke down after consolidation.
Broad range for the stock in the coming week can be 270 – 275 on lower side & 315 – 320 on upper side.
Axis Bank closed the week on negative note losing around 3.90%.
As we have mentioned last week, that support for the stock lies in the zone of 525 to 530 where Fibonacci levels and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 495 to 500 where trend-line support for the stock is lying. During the week the stock manages to hit a low of 503 and close the week around the levels of 505.
Support for the stock lies in the zone of 495 to 500 where trend-line support for the stock is lying. If the stock manages to close below these levels then the stock can drift to the levels of 470 to 475 where long term Fibonacci levels are lying.
Minor resistance for the stock lies in the zone of 520 to 525. Resistance for the stock lies in the zone of 535 to 540 where Fibonacci levels and medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 555 to 560 from where the stock has broken down and short term moving averages are lying.
Broad range for the stock in the coming week can be 480– 485 on lower side & 535 – 540 on upper side.
MORE WILL UPDATE SOON!!
Technical Analysis-FMCG Sector and its Main Components-(Mar 12, 2018 – Mar 16, 2018)
ITC closed the week on negative note losing around 1.80%.
As we have mentioned last week, that support for the stock lies in the zone of 258 to 260 where the stock has taken multiple support in the month of December-2017 and January-2018. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 252 where the stock has formed a bottom in the month of December-2017. During the week the stock manages to hit a low of 254 and close the week around the levels of 259.
Support for the stock lies in the zone of 258 to 260 where the stock has taken multiple support in the month of December-2017 and January-2018. If the stock manages to close below these levels then the stock can drift to the levels of 250 to 252 where the stock has formed a bottom in the month of December-2017.
Minor resistance for the stock lies in the zone of 263 to 265. Resistance for the stock lies in the zone of 268 to 270 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 275 to 277 where break down levels are lying.
Broad range for the stock in coming week is seen between 250 to 253 on downside & 270 to 275 on upside.
HIND Unilever closed the week on negative note losing around 1.80%.
As we have mentioned last week, that support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017. During the week the stock manages to hit a low of 1284 and close the week around the levels of 1301.
Support for the stock lies in the zone of 1265 to 1275 where Fibonacci levels and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017.
Minor resistance for the stock lies in the zone of 1320 to 1330. Resistance for the stock lies in the zone of 1350 to 1360 where short term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1390 to 1400 where the stock has formed a double top pattern in the month of January-2018.
Broad range for the stock in coming week is seen between 1250 to 1280 on downside & 1360 to 1380 on upside.
Colgate Palmolive closed the week on negative note losing around 1.80%.
As we have mentioned last week, that support for the stock lies in the zone of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 980 to 1000. During the week the stock manages to hit a low of 1030 and close the week around the levels of 1038.
Support for the stock lies in the zone of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 980 to 1000.
Resistance for the stock lies in the zone of 1070 to 1080 where medium & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1130 to 1140 from where the stock broke down after consolidation.
Broad range for the stock is seen between 980 to 1000 on downside & 1100 to 1120 on upside.
Dabur closed the week on positive note gaining around 0.60%.
As we have mentioned last week, that support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305. During the week the stock manages to hit a low of 319 and close the week around the levels of 327.
Support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305.
Minor resistance for the stock lies in the zone of 335 to 340. Resistance for the stock lies in the zone of 345 to 350 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 365 to 370 where the stock has formed a top in the month of January-2018.
Broad range for the stock in the coming week can be seen between 310 to 315 on downside & 350 to 355 on upside.
MORE WILL UPDATE SOON!!
Technical Analysis-Pharma Sector and its Main Components-(Mar 12, 2018 – Mar 16, 2018)
SUN PHARMA closed the week on negative note losing around 5.30%.
As we have mentioned last week, that support for the stock lies in the zone of 530 to 535 from where the stock broke out after consolidation. If the stock manages to close below these levels then the stock can drift to the levels of 500 to 510 where the stock has taken multiple support in the month of November-2017 and December-2017. During the week the stock manages to hit a low of 505 and close the week around the levels of 507.
Support for the stock lies in the zone of 500 to 510 where the stock has taken multiple support in the month of November-2017 and December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 470 to 475 where the stock has taken support in the month of September-2017.
Resistance for the stock lies in the zone of 520 to 530 where Fibonacci levels and long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 550 to 560 where short & medium term moving averages are lying.
Broad range for the stock in the coming week can be 470 – 475 on lower side & 535 – 540 on upper side.
Dr Reddy closed the week on negative note losing around 4.50%.
As we have mentioned last week, that minor support for the stock lies in the zone of 2140 to 2160. Support for the stock lies in the zone of 2030 to 2080 from where the stock broke out on weekly charts. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1950 where Fibonacci levels and bottom for the month of August-2017 is lying. During the week the stock manages to hit a low of 2095 and close the week around the levels of 2130.
Support for the stock lies in the zone of 2030 to 2080 from where the stock broke out on weekly charts. If the stock manages to close below these levels then the stock can drift to the levels of 1900 to 1950 where Fibonacci levels and bottom for the month of August-2017 is lying.
Resistance for the stock lies in the zone of 2200 to 2230. If the stock manages to close above these levels then the stock can move to the levels of 2300 to 2350 where short, medium & long term moving averages are lying.
Broad range for the stock is seen from 2000 – 2050 on downside & 2250 – 2300 on upside.
Lupin closed the week on negative note losing around 4.90%.
As we have mentioned last week, that support for the stock lies in the zone of 800 to 805 where the stock has formed a bottom in the month of December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 780 to 790 where the stock has formed short term bottom. During the week the stock manages to hit a low of 750 and close the week around the levels of 764.
The stock is in strong downtrend and support levels are not holding. Support for the stock lies in the zone of 750 to 760. If the stock manages to close below these levels then the stock can drift to the levels of 715 to 725.
Resistance for the stock lies in the zone of 780 to 790 from where the stock has broken down. If the stock manages to close above these levels then the stock can move to the levels of 845 to 850 where break down levels and short term moving averages are lying.
Broad range for the stock in coming week can be seen from 720 – 730 on lower side & 800 – 810 on upper side.
CIPLA closed the week on negative note losing around 1.80%.
As we have mentioned last week, that support for the stock lies in the zone of 570 to 575 where long term moving averages are lying. If the stock manages to close below these levels then the stock can move to the levels of 550 to 555 where the stock has formed a bottom in the month of February-2018. During the week the stock manages to hit a low of 568 and close the week around the levels of 571.
Support for the stock lies in the zone of 550 to 555 where the stock has formed a bottom in the month of February-2018. If the stock manages to close below these levels then the stock can move to the levels of 520 to 525 where long term Fibonacci levels are lying.
Minor resistance for the stock lies in the zone of 580 to 585. Resistance for the stock lies in the zone of 595 to 605 where short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 625 to 630 where the stock has formed a double top.
Broad range for the stock is seen in the range of 550 – 555 on downside & 610 – 615 on upside.
MORE WILL UPDATE SOON!!
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