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06 Dec 2016 | 6:42 AM
Research Report
Weekly

Equity Research Report: Religare Weekly Equity

Nifty index traded with a bearish bias through out the week, losing over 2%. Lower-lows were witnessed, bearish bias persist till the end.
11 Dec 2015 | 06:00 PM

  • Long and medium-tern charts indicate that the benchmark index is heading towards 7400 mark. This level is the lower band of the declining channel in which Nifty index is trading from March this year (shown in chart).
  • Considering the overall chart pattern and micro & macro-economic events -WPI, IIP and Fed Interest rate decision lined up next week, we suggest traders to keep their positions hedged as steep moves can be witnessed on both sides.
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