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22 Oct 2016 | 5:29 PM
Research Report

Equity Research Report: Religare Weekly Equity

Tracking weak earnings from the PSU banks and slowdown on the global front, domestic benchmark, Nifty, lost nearly 7% in the passing week.
12 Feb 2016 | 06:00 PM

  • On the technical front, it settled below declining channel formation on weekly chart (refer the chart) and also crossed psychological support of 7000. It has also retraced 50% of the rise 4600-9100 as per the Fibonacci theory.
  • Impact of CPI and IIP data will be witnessed in the opening trade on Monday as they were announced post-market on Friday. Apart from this, WPI data will also be announced on Monday. Broadly, global cues alongside domestic earnings will set the tone for the upcoming week.
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