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28 Oct 2016 | 4:32 AM
Research Report

Equity Research Report: Religare Weekly Equity

Nifty index settled on flat note last week, existence of 200 EMA and trend line resistance barrier (both placed around 7800) restricted up move. Apart from this, market participants preferred to stay at side lines ahead of the RBI monetary policy which is scheduled next week.
01 Apr 2016 | 06:00 PM

  • Needless to say, the impact of monetary policy is not limited to the rate sensitive pack which comprises of Bankex, Auto and Realty , in fact it sets the tone for other sectors as well as somewhere all are interrelated.
  • Next week, Nifty will continue to face pressure around 7775-7850 zone while on the down side 100 EMA placed around 7600 and trend line support around 7550 will act as support. We expect Nifty to consolidate in this range before the next decisive move.
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