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04 Dec 2016 | 5:49 PM
Research Report
Weekly

Equity Research Report: Religare Weekly Equity

The domestic benchmark, Nifty index managed to surpass 7800 resistance barrier in the passing week and gained nearly 4% last week.
13 Apr 2016 | 06:00 PM

  • The up move was in response to the report by the Indian meteorological department stating better than average monsoon this year. Alongside, favorable CPI and IIP data which was declared post market on Tuesday, further strengthened the bullish bias.
  • The earning season will kick-off with IT major, Infosys as it’ll declare its Q4 numbers on 15th April and its impact will be seen in the opening trade on Monday.
  • Technically, Nifty should sustain above 7750 level for present momentum to continue and test 8000 level in near future, which also coincide with resistance of trend line of declining channel.
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