Menu

Gemstone Equity Research & Advisory Services

Blog posts : "Weekly Market Outlook"

Week Ahead: NIFTY Almost Violated This Major Trend Line Support; RRG Chart Shows This Sector Rolling Inside The Lagging Quadrant

Over the past four trading sessions, the Indian equities continued to relatively underperform the global peers and ended the week on a modestly negative note. The previous week was a truncated one as Wednesday was a trading holiday. The NIFTY had a similarly wide trading range as it oscillated in 50…

Read more

Week Ahead: NIFTY Has This Pattern To Navigate To Move Higher; RRG Chart Shows These Sectors To Relatively Outperform

In a trading range that was wider than the previous week, the Indian equities did not make any directional headway and ended on a flat note over the past five days. On the expected lines, the NIFTY oscillated in a wider range, but stayed within the falling channel that the Index has formed following…

Read more

Week Ahead: NIFTY Likely To See Incremental Gains; RRG Charts Show This Sector Ending Its Relative Outperformance

The previous week was a short and truncated one with just three working days. The NIFTY stayed volatile on the expected lines and danced to yield and a stronger dollar on the expected lines but continued to post some gains. On the weekly charts, the Index stayed much in a defined range, and inside t…

Read more

Week Ahead: NIFTY To Stay Broadly Ranged In The Truncated Week; This Zone Emerged As A Strong Support Area For Markets

The previous five days of the week were spent in a broad range where the markets remained in wide-ranged consolidation and ended the week on a modestly negative note. The NIFTY oscillated in an over 600-point range just like the week before this one and stayed predominantly in a corrective mode exce…

Read more

Week Ahead: NIFTY May Extend Technical Pullback To A Limited Extent; RRG Charts Show These Sectors May Stay Resilient

After staying heavily spooked by rising bond yields and strengthening the US dollar as its consequence, the Indian equity markets remained weak throughout  the week barring the last day where it saw some technical rebound from the short-term oversold levels. The NIFTY moved in a wide 700-point range…

Read more

Week Ahead: NIFTY To Stay Broadly Range-Bound; RRG Looks At These Sectors For Resilient Show

In a truncated week, the Indian equities failed to take any directional cues and traded all over the places over four trading sessions before ending the week with a modest gain. The start of the week stayed volatile with the NIFTY trading in a wide range. However, the earlier week had seen a wider t…

Read more

Week Ahead: These Signs Show Possibilities Of NIFTY Slipping In Broad Consolidation; This Index Moves Back Inside The Leading Quadrant On RRG

Both the trend and the sentiment in the equity markets stayed affected due to spike in the US Treasury Bond yields which had its obvious effect on the emerging markets in general. The spikes and the strengthening US Dollar index caused some gap down opening and corrective moves in the Indian equity …

Read more

Week Ahead: Technical Pullbacks Likely But Upsides In NIFTY To Stay Capped; RRG Chart Shows This Sector Ending Its Relative Underperformance

In the previous weekly note, we had expected the markets to show limited upsides and had also expressed some possibilities of the NIFTY slipping into some consolidation. The previous week remained quite volatile and the NIFTY oscillated in a violent and volatile way for the first four days of the we…

Read more

Week Ahead: Staying Above This Level Crucial For NIFTY; RRG Charts And These Factors Offer Interesting Insights

While displaying some signs of imminent consolidation, the Indian equities took some breather in the previous week as it ended with a modest cut. The session remained a bit wider than the week before as the NIFTY oscillated in a 533-point range over the previous week. The past five days also saw the…

Read more

Week Ahead: Overstretched NIFTY Needs Take Note Of These Technical Factors; RRG Charts Show These Sectors Favorably Placed

Following a strong earlier week, the previous week saw some extension of the up move as the NIFTY ended on a positive note. The most of the past five sessions saw the index trading in a capped range with limited upsides. Unlike the earlier week had a very wide-ranging moves. The previous days saw th…

Read more

Week Ahead: NIFTY Has A Tough Road To Travel; Keeping Eyes On All These Things Crucial

The week that went by has been in a stark contrast as compared to the earlier week as the NIFTY scaled new highs again and closed the week on a highly robust note. The earlier week had seen the headline index declining by 737.30 points. Over the past five days, the markets gave a massive thumbs up t…

Read more

Week Ahead: Markets Approaches Union Budget On A Relatively Lighter Note; Prefer These Sectors For A Better Risk-Reward Proposition

In what remained one of the worst weekly and monthly performances in the recent times, the Indian equity markets witnessed a heavy profit taking throughout the week. The markets had a phenomenal run over the previous months; however, over the past week, it had shown some signs of it taking a breathe…

Read more

Truncated Week Ahead: NIFTY To Continue Profit-Taking At Each Higher Levels; RRG Chart Shows The Sectors Sharply Paring Relative Momentum

In the previous week’s note, it was mentioned that the markets have shown first signs of fatigue as it marked the high point of 14653. This was the point where profit-taking bouts emerged in the markets. Over the week that went by, the markets did make some incremental high; however, it failed to mo…

Read more

Week Ahead: NIFTY Stares At Some More Consolidation; RRG Chart Point Towards This Group Likely Ending Its Relative Underperformance

Although the Indian equity markets extended its weekly gains, it showed first signs of impending broad consolidation as it spent much of the last three days correcting from the higher levels. The start to the week was buoyant; however, after marking week’s high at 14653, the NIFTY continued witnessi…

Read more

Week Ahead: Buoyant NIFTY Stays Prone To Profit-Taking Bouts; RRG Chart Highlights Importance Of Staying Selective

In a week that was a bit more volatile than the earlier one, the Indian equities continues with their up move ended once again on lifetime high point. The trading range also wider over the past five sessions as the Index oscillated in the range of 414 points. On the anticipated lines, the markets di…

Read more

Week Ahead: Weak Dollar Index May Continue Fueling Liquidity In Markets Unless It Pulls Up; RRG Chart Shows Strong Sectoral Setups

In a relatively much stable week, the Indian equity markets continued with its up move and have ended a yet another week with gains. The volatility that was witness in the week before this one was absent. Instead of a wide 700-point wild move that was witnessed, the past five days saw the NIFTY stay…

Read more

Week Ahead: NIFTY Shows First Signs Of Broad Consolidation Even If It Shows Incremental Moves; These Sectors Poised For A Strong Move

In the recent weekly notes, we had mentioned about the markets getting overstretched and overextended over the immediate short term. It was a matter of concern as any form of a consolidation or a corrective move stood imminent; the absence of which was making the present uptrend highly risky and unh…

Read more

Week Ahead: Markets See Sector Rotation; RRG Chart Tell Us To Focus Here As NIFTY Stays Prone To Consolidation

Over the past five days, the Indian equities continued with their measured up move and went on to pile up some more incremental gains. After some brief consolidation in the beginning of the week, the NIFTY went on to mark fresh lifetime closing highs each day as the liquidity continued chasing the e…

Read more

Week Ahead: NIFTY Strong But Warrants Caution At These Levels; RRG Chart Shows Good Activity In These Sectors

In what was a sixth consecutive week of gains, the Indian equities continued with their up move and extended their gains. It was a measured move ahead for the markets where it went on to close with fresh lifetime highs once again. The trading range over the past five days was a bit narrower than the…

Read more

Week Ahead: NIFTY Slightly Overstretched But Strong; RRG Chart Show These Sectors To Relatively Outperform

In the week that went by, we saw the markets adding more strength and piling up some more incremental gains. The NIFTY has not only stayed above the crucial 2-year long pattern resistance trend line, but also added some directional bias to it by moving higher. The markets stayed much less volatile t…

Read more

20 blog posts

Previous Editions