22 Sep 2018 | 11:47 AM
Research Report
Weekly

Equity Research Report: Religare Weekly Equity

Nifty inched higher for the sixth consecutive week and made a new record high at 11,760.20. It started on the firm note but profit taking in the last three sessions marginally trimmed the gains. It finally settled at 11,680.50; up by over a percent.
31 Aug 2018 | 07:00 PM

  • Broadly, rotational buying was witnessed across the board which has helped the index to maintain its upside momentum.
  • Technically, we expect further consolidation in Nifty however the bias would remain on the positive side till it holds above 11,500. We reiterate our “buy on dips” view and advise focusing more on the stocks selection. On sectoral front, auto, pharma and banking counters should be preferred over others for short term buying.