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04 Dec 2016 | 11:02 AM
Research Report
Weekly

Equity Research Report: Religare Weekly Equity

Nifty managed to close with marginal gains after trading roughly within 8100-8300 range. Though the trading range was narrow but excessive volatility within that range, kept the traders on their toes throughout the week. From hereon, 8350-8400 spot zone holds crucial resistance and sustainability above these levels will be crucial for fresh up move. On downside, 8100 and 7900 levels will play as a crucial support in case of breakdown from the prevailing range. Considering the scenario, traders are advised to uphold cautious approach as stocks may continue to trade volatile ahead as well. We suggest to prefer low beta counters for day trades and avoid overleveraging at current levels.
15 May 2015 | 06:00 PM

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