20 Jul 2018 | 5:17 AM
Research Report

Equity Research Report: Market Explorer - January 2016

The current momentum is likely to be carry forward in the near future. Global factors are affecting more and a high volatility are likely to be possible. A major trigger for the markets in the near term is Q3 results. Earning season starts from second week of January 2016 and will lasts till second week of February 2016.
06 Jan 2016 | 05:04 PM

  • Nifty managed to end in green in the passing month after trading volatile within 7550-7980. The first half of the month was devoted to correction but recovery in the later half not only pared all the losses and also aided index to close with marginal gains as well.
  • We believe consolidation will continue this month as well but the bias will remain slightly on the positive side due to  positive divergence between the price chart and RSI oscillator on weekly chart. And, it’ll face stiff resistance around 8000-8050 spot zone.
  • Due to expected consolidation in index, traders are advised to focus on stocks and prefer private bank, NBFCs, auto counters for long trades while PSU banks, metal and realty should be considered for short positions as and when the opportunity arises.