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22 Oct 2016 | 11:45 PM
Research Report

Equity Research Report: Religare Weekly Equity

Nifty ended in red for third consecutive week, it settled at 7762.25 after losing nearly 2.4% on weekly basis. Decline witnessed last week was in response to the Bihar election result where Nitish Kumar led Mahagathbandhan recorded fabulous victory but the market looked at it in a negative manner.
13 Nov 2015 | 05:30 PM

  • Except Auto index, majority of the sectoral pivots settled on weak note, average losing 2-3%. We expect auto companies to outperform in the upcoming week as all. Importantly, only select stocks from the auto space can be considered for fresh buying.
  • Going ahead, we maintain negative view on the Nifty index with 7500 spot as next support level. Short-term traders are advised to keep their positions hedged as stocks tend to fall more when broader indices decline.
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