24 Oct 2017 | 5:45 AM
Research Report
Weekly

Equity Research Report: Religare Weekly Equity

In the passing week, Nifty performed well and gained 2.7% week-on-week basis. This up move was led by rate sensitive sectors in response to RBI’s surprise rate cut. As of now, Nifty is trading above immediate hurdle of 8400 mark. Till this level is held, near term bias will remain in favor on the bulls.This week we expect Nifty to trade within 8300-8700 range with bias on the positive side. So, traders are advised to maintain buy on dips approach but keep caution in leveraged position due to the prevailing earning season.
16 Jan 2015 | 07:00 PM