EquityPandit’s Outlook for ITC for the week (February 27, 2017 – March 03, 2017) :

ITC:

ITC closed the week on negative note losing around 0.90%.

As we have mentioned last week that support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260. During the week the stock manages to hit a low of 261 and close the week around the levels of 266.

Support for the stock lies in the zone of 265 to 267 from where the stock broke out from the highs of September-2016. If the stock manages to close below these levels then the stock can drift to the levels of 255 to 260.

Minor resistance for the stock lies in the zone of 270 to 272. Resistance for the stock lies in the zone of 280 to 282 where Fibonacci extension level is lying.

Broad range for the stock in coming week is seen between 258 to 260 on downside and 273 to 275 on upside.