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EquityPandit

EquityPandit
INDIA

PM Modi Inaugurates 5.21 Lakh Houses Under PMAY Scheme

PM Narendra Modi inaugurated 5.21 lakh houses of beneficiaries of the Pradhan Mantri Awas Yojna (PMAY) in Madhya Pradesh and also participated in the ‘Grah Pravesham’ ceremony to hand over new houses to their owners.

Addressing the programme through video conferencing, Modi said that his government had prioritised providing houses to poor people. So far, 2.5 crore houses have been constructed under the PMAY scheme in India. On occasion, PM Modi also announced that under the Nal-Jal scheme in the country, six crore families were provided pure tap water connections in their houses.

Besides, over four crore fake ration cards have been cancelled since 2014 by the government to stop the theft of food grains reserved for the poor. “We have the policy to make sure that even the last man in the queue gets the benefit of government schemes,” he added.

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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 5.69%.

Technically, NIFTY IT share price will see immediate support at 31,702.25 and immediate resistance would be seen at 33,648.50.

If NIFTY IT share price closes below immediate support of 31,702.25, then sharp breakdown can be seen. NIFTY IT share price will see major support at 31,018.40 for the week.

34500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.0032000.0032000.00Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8May 13May 13May 16May 16May 21May 21May 24May 24May 29May 29Reversal Level 33002.63BuySell

On the positive side, immediate resistance will be seen at 33,648.50. Closing above 33,648.50, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,910.90 for the week.

Trading range for NIFTY IT share price for this week should be between 29,756.00 on down side and 35,594.75 on up side.

NIFTY IT Previous Week High: 34227.05

NIFTY IT Previous Week Low: 32280.8

NIFTY IT Previous Week Range: 1946.25 Points

NIFTY IT share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type Value
Resistance 3 35,594.75
Resistance 2 34,910.90
Resistance 1 33,648.50
Support 1 31,702.25
Support 2 31,018.40
Support 3 29,756.00
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 2.66%.

Technically, NIFTY IT share price will see immediate support at 33,311.35 and immediate resistance would be seen at 34,217.65.

If NIFTY IT share price closes below immediate support of 33,311.35, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,798.40 for the week.

35500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30May 6May 6May 9May 9May 14May 14May 17May 17May 22May 22Reversal Level 33530.36Buy

On the positive side, immediate resistance will be seen at 34,217.65. Closing above 34,217.65, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,611.00 for the week.

Trading range for NIFTY IT share price for this week should be between 32,405.05 on down side and 35,123.95 on up side.

NIFTY IT Previous Week High: 34098.05

NIFTY IT Previous Week Low: 33191.75

NIFTY IT Previous Week Range: 906.3 Points

NIFTY IT share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 35,123.95
Resistance 2 34,611.00
Resistance 1 34,217.65
Support 1 33,311.35
Support 2 32,798.40
Support 3 32,405.05
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 3.25%.

Technically, NIFTY IT share price will see immediate support at 32,778.50 and immediate resistance would be seen at 33,875.95.

If NIFTY IT share price closes below immediate support of 32,778.50, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,175.15 for the week.

36000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 33112.37Buy

On the positive side, immediate resistance will be seen at 33,875.95. Closing above 33,875.95, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,370.05 for the week.

Trading range for NIFTY IT share price for this week should be between 31,681.05 on down side and 34,973.40 on up side.

NIFTY IT Previous Week High: 33766.7

NIFTY IT Previous Week Low: 32669.25

NIFTY IT Previous Week Range: 1097.45 Points

NIFTY IT share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 34,973.40
Resistance 2 34,370.05
Resistance 1 33,875.95
Support 1 32,778.50
Support 2 32,175.15
Support 3 31,681.05
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 2.20%.

Technically, NIFTY IT share price will see immediate support at 32,639.30 and immediate resistance would be seen at 33,378.25.

If NIFTY IT share price closes below immediate support of 32,639.30, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,343.45 for the week.

36000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Mar 26Mar 26Apr 1Apr 1Apr 4Apr 4Apr 9Apr 9Apr 15Apr 15Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8Reversal Level 33450.22

On the positive side, immediate resistance will be seen at 33,378.25. Closing above 33,378.25, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 33,821.35 for the week.

Trading range for NIFTY IT share price for this week should be between 31,900.35 on down side and 34,117.20 on up side.

NIFTY IT Previous Week High: 33525.5

NIFTY IT Previous Week Low: 32786.55

NIFTY IT Previous Week Range: 738.95 Points

NIFTY IT share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 34,117.20
Resistance 2 33,821.35
Resistance 1 33,378.25
Support 1 32,639.30
Support 2 32,343.45
Support 3 31,900.35
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INDEX OUTLOOKMARKET OUTLOOKNIFTY IT

NIFTY IT Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USER
NIFTY IT
NIFTY IT closed the previous week on a negative note losing 3.26%.

Technically, NIFTY IT share price will see immediate support at 32,468.32 and immediate resistance would be seen at 33,570.67.

If NIFTY IT share price closes below immediate support of 32,468.32, then sharp breakdown can be seen. NIFTY IT share price will see major support at 32,028.23 for the week.

38000.0038000.0037500.0037500.0037000.0037000.0036500.0036500.0036000.0036000.0035500.0035500.0035000.0035000.0034500.0034500.0034000.0034000.0033500.0033500.0033000.0033000.0032500.0032500.00Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30Reversal Level 33497.02Sell

On the positive side, immediate resistance will be seen at 33,570.67. Closing above 33,570.67, NIFTY IT share price will see a sharp breakout. Major resistance for NIFTY IT share price will be seen at 34,232.93 for the week.

Trading range for NIFTY IT share price for this week should be between 31,365.97 on down side and 34,673.02 on up side.

NIFTY IT Previous Week High: 33792.85

NIFTY IT Previous Week Low: 32690.5

NIFTY IT Previous Week Range: 1102.35 Points

NIFTY IT share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 34,673.02
Resistance 2 34,232.93
Resistance 1 33,570.67
Support 1 32,468.32
Support 2 32,028.23
Support 3 31,365.97
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