Gemstone Equity Research & Advisory Services

Blog posts November 2019

Week Ahead: RRG Shows Pvt Banks And Financials Rolling Over Strongly; Coming Days Crucial For NIFTY

After healthy consolidation near the 12000-levels over the past couple of weeks, the NIFTY has attempted to break above year-long secondary trend that it was in by ending the week with gains. Throughout the week, the markets pushed hard to breach the double top resistance on the shorter-term charts …

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Week Ahead: NIFTY May Find It Difficult To Deal With Stiff Overhead Resistance; Watch These Sectors

While continuing to trade on the expected lines, the Markets headed nowhere during the previous week and ended on a flat note. The markets never really saw any directional move as it remained within a defined range throughout the last week. Having oscillated back and forth in a capped range, the hea…

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Week Ahead: NIFTY Healthy But Exhausted At Higher Levels; RRG Shows These Sectors To Outperform

The week that went by remained and traded on the expected lines as the zone of 12000-12050 continued to pose resistance to the markets on the upside. The week was spent with the markets consolidating at higher levels while demonstrating weakness near the critical resistance zone. The NIFTY headed no…

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Week Ahead: Higher Levels Sustainable Only If This Bearish Divergence Is Corrected; Caution Advised

The previous week played out very much on expected lines. It was mentioned in our last weekly note that NIFTY is facing stiff resistance in the 12000-12100 area, and the bearish divergences are not allowing a clean breakout on the charts. After staying buoyant for a significant part of the week, the…

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Bearish Divergences Hindering A Clean Breakout; Fingers Crossed For The Coming Week

In a truncated week, beginning from a short Mahurut session, the markets ushered into the new year on a buoyant note. In the previous weekly note, it was mentioned that the NIFTY’s behavior against the price zone of 11700-11750 would be crucial to watch, and a new move would depend upon the index mo…

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