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Gemstone Equity Research & Advisory Services

Daily & Weekly Technical Newsletters and Special Articles

Week Ahead: NIFTY May See Ranged Movements; RRG Chart Tells This Sector May Offer Maximum Alpha

Markets ended a week which continued to remain much on the expected lines, except that the volatility was much less than what was expected. Also, the markets continued to display lack of directional bias throughout the week. Despite making a sharply lower top and lower bottom for this week, the trad…

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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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Week Ahead: NIFTY Likely To Continue Exhibiting Bearish Intent; RRG Shows This Sector Topping Out

The past couple of days went much on the anticipated lines as the markets, in general, as it continued to portray a bearish undertone and ended the weak on a negative note. After halting the pullback, the NIFTY has formed a lower top near 9900 levels and continued its slide, confirming the same leve…

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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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Special Note: These 3 Charts Answer Why Should You Prefer NIFTY Next 50 Over The Small-Cap Universe

The global equity markets have seen the mother of all volatile times during the first four and a half months of the year 2020. From the peak of early 2020, the key equity markets saw a sharp decline of over 35% in most cases. Following those lows, the stocks have also managed to recoup around 30% of…

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