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Gemstone Equity Research & Advisory Services

Blog posts January 2020

Friday Trade Setup: NIFTY Shifts Resistance Points Lower; Volatility Likely To Increase

In the previous note, we had mentioned about the possible bearish technical implications as the NIFTY had halted its up move near the critical resistance point of the 50-DMA. On the anticipated lines, the markets continued its bearish undertone and ended the expiry day with a loss. The NIFTY opened …

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Thursday Trade Setup: NIFTY Halts Pullback At This Imp Level; Rollovers Set To Dominate The Trade

In a better-than-expected session on Wednesday, the trade remained dominated with rollovers and short-covering from the lower levels pulled the markets higher. The NIFTY opened on a positive note and maintained its gains despite coming off from its highs. At one point in time, the index managed to m…

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Wednesday Trade Setup: NIFTY Gives Up These Two Important Levels; May Act As Resistance Going Ahead

The markets continued to trade on anticipated lines as it failed to capitalize on the stable start that it got on Tuesday. In our previous note, we had cautioned against making purchases in case of any up move. The markets opened on a positive note but soon pared those opening gains to trade flat. T…

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Tuesday Trade Setup: NIFTY's Price Action Against 50-DMA Crucial; Avoid Using Declines To Buy

On a disappointing day of the trade, the Indian Equity markets found itself a sustained bear grip throughout the day while it ended on a negative note. The NIFTY opened lower and traded with capped losses in the first half of the day. However, the second half of the session saw the markets getting w…

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Monday Trade Setup: NIFTY Likely To See A Tentative Start; Action Likely To Stay Stock-Specific

The Indian equity markets continued to inch higher for the second day in a row and ended with modest gains. After a shaky start and opening mildly on a negative note, the NIFTY crawled into the positive territory in the morning session. After that, the index continued to remain in the positive terri…

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Week Ahead: NIFTY Has A Stiff Overhead Resistance To Deal With; RRG Chart Show MidCaps To Outperform

After starting the week on a corrective note, the markets recouped some of its losses on the last two trading days of the week. The last few days have remained volatile for the markets as the headline index NIFTY traded in a wider than usual range. The index oscillated in an over 340-point range, bu…

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Friday Trade Setup: Protect Profits At Higher Levels; This Zone Crucial For NIFTY Going Ahead

The markets halted its four-day losing streak as it bounced back to end the day with a modest gain. The NIFTY opened flat but soon got stronger in the first hour of the session. However, the following hour saw the NIFTY paring its gains gradually. At one point in time, NIFTY had given up most of its…

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Thursday Trade Setup: Weekly Options Data Show This Level Crucial; Avoid Buying Technical Pullbacks

While trading very much on the anticipated lines, the NIFTY continued its corrective move after starting on a positive note. The NIFTY saw a positive start to the trade but resisted precisely at the overhead resistance of its short-term 20-DMA, which presently stands at 12213. The markets saw a grad…

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NIFTY To Stay In A Defined Range; RRG Chart Point Towards This Sector Potentially Bottoming Out

With the geopolitical tensions subsiding, the markets spent a quiet week as it continued to post a small amount of incremental gains. The trading range also remained capped as the markets oscillated in a capped range. While showing no volatility at all, the NIFTY made minor advancements on the highe…

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Special Note: These 3 Charts Have A Story To Tell; RRG Chart Point Towards Higher Alpha Generation On A Relative Basis

The headline index NIFTY presently trades near its life-time high levels and has returned a stellar 15% over the past 12 months and 1.08% on the Year-to-Date basis. Having said this, the loss of momentum and few negative divergences on the leading indicators are quite evident on the charts. It will …

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NIFTY May Stay Volatile In The Coming Week; RRG Charts Show Key Sectors Continuing To Lose Momentum

While trading on the anticipated lines, the Indian markets continued to consolidate, but also saw tremendous volatility owing to the geopolitical tension in the West Asian region. The NIFTY traded in a wider than usual range and ended the week on a relatively flat note. The index witnessed close to …

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Week Ahead Likely To See Increase In Volatility; RRG Chart Show Likely Resilience From These Sectors

The Indian markets witnessed consolidation again for the second week in a row. The markets saw a general stable week, remained in a limited and defined range, and ended mildly in the negative. In the previous weekly note, we had expected the consolidation to continue and the markets traded much on t…

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Special Note: Are We Looking At 2020 As A Year Of Capped Gains? These Charts Have A Story To Tell

While the year 2019 ended, we saw the markets ending near the high point of the year. Despite the negative ending on the last trading day of the year, the frontline NIFTY50 has ended the year with strong gains of 11.53% on a yearly note. However, that being said, the year has also left us with so mu…

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