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26 Oct 2016 | 5:11 PM
Research Report

Equity Research Report: Religare Weekly Equity

After three successive week of decline, Nifty witnessed decent rebound and managed to settle above 7850 gaining 1.20% on weekly basis. On index front, FMCG outperformed the broader indices and weakness was visible in Realty space.
20 Nov 2015 | 06:00 PM

  • From hereon, 7930-7950 zone seems an immediate resistance on higher side with major supports placed around 7700 levels. Considering the prevailing trend and F&O expiry next week, traders should up hold cautious approach till Nifty is sustaining below the above mentioned resistance level and on stock specific front uphold balanced trading approach.
  • In the coming week, traders can focus on stocks from Auto and FMCG space on buy side and Metal and Reality stocks for fresh short trades.
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