Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
22 Oct 2016 | 6:34 PM
Research Report

Equity Research Report: Market Explorer - February 2016

After a sell off during the first month of the year, the market looks choppy at this level. The next major trigger in the market is Union Budget. Market is expecting various favourable announcement from the Government. Finance Minister Arun Jaitley will present his first full-year budget on February 29 for the fiscal year 2016-17.
03 Feb 2016 | 06:00 PM

  • Extending the prevailing downtrend, Nifty slipped further lower in January and lost over six percent. Its attempt to cross major hurdle 8000 failed miserably and it fell almost abruptly thereafter to 7240 level. However, rebound in last five sessions helped to pare some loss and close at 7424.65.
  • Considering the ongoing earning season, upcoming Union Budget and choppiness on global front, we  expect Nifty to trade volatile in a broader range of 7100-7700 in the month of February.
  • Traders should concentrate more on the trade management by keeping their leveraged positions hedged and restrict the number of trades. Also, they should maintain stock specific trading approach and uphold positions on both sides.
Regenerate OTP
Thank You for your interest in Religare Online. Our Representative will get in touch with you shortly.