Gemstone Equity Research & Advisory Services

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Outlook For Friday: NIFTY Halts At Critical Level; Any Up Move Should Be Chased Only Through Such Stocks

The expiry of the weekly options kept the markets in a highly defined range. While staying in a controlled range, the markets extended its up move while ending the day with modest gains. The NIFTY saw a positive and stable opening to the day and remained in a rising upward trajectory in the first ha…

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Thursday Trade Setup: NIFTY To Stay Dominated With Weekly Option Expiry; These Strikes Have Even Concentration Of Call OI

After spending a considerable part of the session trading in a sideways trajectory, the oversold short-term indicators aided a sharp pullback in the markets, which saw the markets ending near their high point of the day. The markets opened positive and maintained modest gains while it oscillated in …

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Wednesday Trade Setup: NIFTY May See Sporadic Pullbacks; Will Stay Vulnerable At Higher Levels

In what remained a demonstration of total lack of strength at higher levels, the markets again failed to capitalize on the gap-up opening that it got on Tuesday. We had mentioned in the previous note that although a technical pullback is likely, the sustenance of the same may be under the cloud as t…

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Tuesday Trade Setup: NIFTY May See Some Technical Pullback; The Are The Group Of Stocks You Should Focus On

While putting up a  very weak show, the Indian equity markets disregarded the favorable and stable global trade setup and ended the day with a deep cut. The markets opened on a modestly negative note but soon declined at a rapid pace. The first two hours of the session saw the NIFTY taking a sharp 3…

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Monday Trade Setup: NIFTY Lacks Convincing Directional Bias Amid Weak Technical Setup; Refrain From Doing This

The end to the trading week remained quiet as the markets did not make any significant directional move and ended on a flat note. The NIFTY witnessed a modestly positive opening, but it soon slipped in the negative territory in the initial minutes. The Index kept gradually trend lower while it marke…

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Outlook For Friday: Technical Setup Remains Predominantly Weak; NIFTY To Find It Difficult To Stage Pullbacks

The markets suffered a gap down opening again following a weak global setup and gave back more than what it had gained in the previous session. We had mentioned in the previous note that despite a gap up on the charts, there might not be any bullish implications on the following day. Trading precise…

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Thursday Trade Setup: Need To Critically Observe NIFTY's Behavior Against These Levels Given The Technical Setup and Options Data

The euphoria that was seen in the previous evening on SGX NIFTY failed to live up through the night. The session on Wednesday was important as it not only kept the markets in the defined range, also highlighted the importance of any given technical setup. Following the PM’s address of a stimulus pac…

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Wednesday Trade Setup: NIFTY May React To The PM's Address; Upside In Any Case To Stay Capped

After a weak start, it was a sharp short-covering led up move that helped the markets recoup the bulk of its losses and helped it end with a modest loss. The NIFTY saw a gap down opening following weak global trade setup. The markets got weaker after it opened, and at one point in time, breached the…

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Tuesday Trade Setup: Avoid Chasing Up Moves In NIFTY Until The Index Moves Past This Level

One more session for the markets wherein it failed to capitalize on a strong start and succumbing to a weak technical setup. The Indian equity markets had a start to the week on the expected lines. The markets saw a gap up, and much stronger-than-expected opening in the morning. However, after stepp…

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Monday Trade Setup: NIFTY May See A Stable Start To The Day; May Get Vulnerable At These Levels

It was yet another day for the markets where it failed to capitalize on the initially good start to the day. The markets saw a decently positive start to the day on Friday, however, after trending sideways, the NIFTY gradually pared most of its opening gains. After trading in a defined and capped ra…

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