Weekly Outlook for Nifty IT and its main components (February 01, 2016 to February 05, 2016

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Information about Weekly Outlook for Nifty IT and its main components (February 01, 2016...

Published on January 30, 2016

Author: equitypandit

Source: slideshare.net

1. DATE: 29/01/2016 WEEKLY OUTLOOK FOR NIFTY IT AND ITS MAIN COMPONENTS (01/02/2016 - 05/02/2016) © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com Jagrut Shah Darpan Shah Sr. Research Analyst Head - Research EquityPandit Financial Services Pvt. Ltd. 305, Trinity Business Centre, L. P. Savani Road, Surat - 395009 Gujarat An ISO 9001:2008 Certified Company www.equitypandit.com

2. PAGE 2 © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com Nifty IT index ended the week on positive note gaining around 2.10%. As we have mentioned last week that support for the index lies in the zone of 10800 to 10900 where 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next sup- port lies in the zone of 10400 from where the index has broken out in the month of August - 2014. During the week the index manages to hit a low of 10984 and bounce to close the week around the levels of 11240. Support for the index lies in the zone of 10900 to 11000 where short term moving averages, 500 Daily SMA and 100 Weekly SMA are positioned. If the index closes below this levels then the index can be in a freefall zone where no support is visible. The next support lies in the zone of 10400 from where the index has broken out in the month of August - 2014. Resistance for the index lies in the zone of 11300 to 11500 where 100 & 200 Daily SMA are lying. If the index manages to close above the this levels then the index can move to the levels of 11700 where trend-line joining earlier highs is lying. Broad range for the index in the coming week is seen from 11000 on downside to 11500 on upside. NIFTY IT

3. PAGE 3 © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com INFY closed the week on positive note gaining around 2.50%. As we have mentioned last week that support for the stock lies in the zone of 1120 to 1125 where channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1080 to 1100 where 100 Daily SMA is lying. During the week the stock manages to hit a low of 1125 and bounce to close the week around the levels of 1165. Support for the stock lies in the zone of 1120 to 1125 where channel support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 1080 to 1100 where 100 Daily SMA is lying. The stock has closed just above the resistance zone of 1160. Resistance for the stock lies in the zone of 1200 where trend-line joining earlier highs is lying. Broad range for the stock in the coming week is seen between 1120 to 1130 on downside to 1190 to 1200 on upside. INFY

4. PAGE 4 © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com TCS closed the week on positive note gaining around 4.00%. As we have mentioned last week that resistance for the stock lies in the zone of 2320 to 2350 from where the stock has broken down from the short term bottom. If the stock manages to close above this levels then the stock can move to the levels of 2410 to 2420 where short term moving averages are lying. During the week the stock manages to hit a high of 2400 and close around the highest levels. Support for the stock lies in the zone of 2340 to 2360 where short term moving averages are lying. If the stock manages to close below this levels then the stock can drift to the levels of 2250 from where the stock has broken out of the consolidation range in the month of June - 2014. Resistance for the stock lies in the zone of 2450 where 100 & 500 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 2500 where 200 Daily SMA is lying. The stock has formed a Morning star pattern on weekly charts in a downtrend. Broad range for the stock in the coming week is seen between 2340 to 2360 on downside to 2450 to 2470 on upside. TCS

5. PAGE 5 © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com HCL Tech closed the week on positive note gaining around 3.10%. As we have mentioned last week that the resistance for the stock lies in the zone of 850 to 860 where trend-line joining recent highs is positioned. If the stock manages to close above this levels then the stock can move to the levels of 880 where 100 Daily SMA is lying. During the week the stock manages to hit a high of 870 and close the week around the levels of 866. Support for the stock lies in the zone of 840 to 850 where short term moving averages, 100 Weekly SMA and trend-line joining recent highs is positioned. If the stock closes below this levels then the stock can drift to the levels of 800 to 810 where the stock has made a bottom in January - 2016. Stock has closed around the resistance zone of 870 where 100 Daily SMA is lying. If the stock manages to close above this levels then the stock can move to the levels of 900 where 200 Daily SMA is lying. Broad range for the stock in the coming week is seen between 840 to 845 on downside to 885 to 890 on upside. HCL TECH

6. PAGE 6 © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com Wipro closed the week on positive note gaining around 2.30%. As we have mentioned last week that stock has closed around the strong resistance zone of 545 to 550 where the trend-line support for the stock is positioned. If the stock closes below this levels then the stock can move to the levels of 565 to 570 where 100, 200 & 500 Daily SMA are positioned. During the week the stock manages to hit a high of 566 and close at the highest levels. Support for the stock lies in the zone of 545 to 550 where the trend-line support for the stock is positioned. If the stock closes below this levels then the stock can drift to the levels of 530 where the stock has formed a short term bottom. Stock has closed around the resistance zone of 565 to 570 where 100, 200 & 500 Daily SMA are positioned. If the stock closes above this levels then the stock can move to the levels of 580. Broad range for the stock in the coming week is seen between 540 to 545 on downside to 575 to 580 on upside. WIPRO

7. PAGE 7 © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com About EquityPandit EquityPandit was established in year 2005. Today, EquityPandit is one of the Leading Equity Research Company in India, with around 33400 active subscribers around the globe, who enjoy huge profits in association with EquityPandit. We have been in this industry for a LONG time. In fact, we were among the First few Indian entities in the Advisory domain to venture onto the Inter- net. Today, we have subscribers... in 32 countries worldwide who trust us! We are an ISO Certified company for quality of our services. We were the First Company to bring research and advisory based on Tech- nical analysis on internet in India, until then, only investment research was available on internet in India. Disclaimer: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. Minimum amount mentioned here depends upon stock prices and market conditions and will vary accordingly.

8. PAGE 8 © EquityPandit Financial Services Pvt. Ltd. | www.equitypandit.com | info@equitypandit.com EquityPandit Premium Services EP-F&O Special is EquityPandit’s huge profits generating package. In this service we provide you with an ex- cellent F&O calls in equity and Indexes like Nifty and bank Nifty. This service is basically for F&O Traders. Here you will receive 2-4 calls daily. Huge profits are earned every month. In this package we provide huge profits every month on consistent basis. Our subscribers earn huge profits every month. Know more about EP-F&O Special package EP-Basic is Intraday Package which is meant for intraday traders. Calls are provided live during market hours by SMS. 2-3 Intraday calls are given within a day. EquityPandit provides assured daily profits in this package i.e everyday you would end up with profits. High accuracy of 90-95% is maintained consistently. Know more EP-Investor is EquityPandit's Flagship product. This package is for short term investments. Recommenda- tions given in this package are midcap and smallcap multibaggers. Each and every call provided in this package gives 15-25% profits in short term and most of our call gives more than 100% profits in small time duration. A most famous and appreciated package among investors in Indian Stock Market. Know more about EP-Investor package

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