EquityPandit’s Outlook for ITC for the week  (Sep 25, 2017 – Sep 29, 2017) :

ITC:

ITC closed the week on negative note losing around 0.30%.

As we have mentioned last week, that support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262. During the week the stock manages to hit a low of 264 and close the week around the levels of 268.

Support for the stock lies in the zone of 268 to 270 where the stock has formed a bottom in the month of August-2017. If the stock manages to close below these levels then the stock can drift to the levels of 260 to 262.

Minor resistance for the stock lies in the zone of 271 to 273. Resistance for the stock lies in the zone of 276 to 278 where 200 daily moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 281 to 283.

Broad range for the stock in coming week is seen between 260 to 262 on downside & 275 to 277 on upside.