22 Sep 2018 | 7:39 AM
Research Report

Equity Research Report: Religare Weekly Equity

In the passing week, as expected Nifty index witnessed profit taking. Volatility was high, it had negative impact on the stock specific front. Nifty retraced till 33.3% level as per Fibonacci levels of the rise 8065-8993. This is considered reasonable retracement after such an up move where the benchmark added 10% to its value. We believe Nifty is trading close to its important support levels of 8550-8600. And a bounce from these levels can be expected. Therefore, trading range for the week will be 8550-8900 levels.
06 Feb 2015 | 05:53 PM