EquityPandit’s Outlook for CNX Energy for the week (September 14, 2015 – September 18, 2015):

CNX ENERGY:

CNX ENERGY index closed the week on positive note gaining around 2%.

As we have mentioned last week that if the index closes below the levels of 7300 then the index can move to the levels of 7000 but the index manage to hold the levels of 7300 on closing basis.

The index has been moving in the range of 7300 on downside to 7800 on upside since last 2 weeks. A break of the index on either side can move the index further 5% to 7% in that direction.

If the index closes below the levels of 7300 then the index can move to the levels of 7000.

If the index closes above the levels of 7500 for couple of days then the index can move to the levels of 7800.

Broad range for the index is seen between 7200 to 7300 on downside to 7700 to 7800 on upside.