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04 Dec 2016 | 7:33 AM
Research Report
Weekly

Equity Research Report: Religare Weekly Equity

The passing week was full of excitement for the traders as the domestic benchmark index Nifty rallied 3.5% on weekly basis. Nifty settled positive for all the five sessions of the passing week. Due to this up move, it made fresh all-time high at 8835.60 level. As per Fibonacci theory, 100% extension of the move 7723-8065 is at 9000 level, which will act as next resistance for the broader markets. Considering past performance and current chart pattern, it is advisable to trail stop losses with every rise and use corrective moves to add positions .
23 Jan 2015 | 05:30 PM

Regenerate OTP
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