18 Jun 2019 | 7:02 PM
Research Report

Equity Research Report: Religare Weekly Equity

For yet another week, Nifty traded with bearish bias from the beginning and which later intensified as the week progressed.
06 May 2016 | 06:00 PM

  • Besides weak global cues, sluggish PMI data, negative FIIs figure and mixed set of numbers further strengthened negative bias. Going ahead, IIP and CPI numbers, which are scheduled on 12th May (Thursday) will provide further direction.
  • Until then we advice traders to uphold cautious approach, keep track on key results and limit position size, specially in the F&O segment.
  • Considering the overall market bias, we believe Nifty index will trade in broad range 7600-8000 in the coming week. On sector-specific front, we reiterate our preference for auto index, where as PSU Banks and Pharma indices are still weak.