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05 Dec 2016 | 5:54 AM
Research Report
Weekly

Equity Research Report: Religare Weekly Equity

In the passing week, steep moves were witnessed on both sides in Nifty but eventually bears managed to over shadow bulls by narrow margin.
29 Apr 2016 | 06:00 PM

  • Technically, Nifty tested 200 EMA support on Friday and bounce back was witnessed thereafter in the last hour of trade, indicating buying interest around the support levels(7780-70).
  • The on going earning season has so far kept traders on their toes and the situation is not expected to change until mid of May. Apart from this, monthly sales figures auto companies will further fuel volatility.
  • Hence, it is important to keep a track of existing open positions & limit leveraged positions. Considering all, we believe, Nifty index will trade in broad range 7650-8050 in the upcoming week.
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