Gemstone Equity Research & Advisory Services

Daily & Weekly Technical Newsletters and Special Articles

Tuesday Trade Setup: NIFTY Tests This Crucial Level; Broader Structure Stays Weak Even If A Pullback Occurs

The Indian equities took a serious sentimental hit as it stepped into the new week with highest Covid cases and the administration grappling with the issues of supply constraints of Oxygen and the other medical infrastructure being pushed to the brink. Despite stable and positive global trade setup,…

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Monday Trade Setup: Quiet Start To The NIFTY Expected; Index Has Formed This Congestion Zone Within The Channel

It was a day of consolidation for the Indian equities as the NIFTY oscillated in a defined range before ending the day with a modest gain. The markets opened on quiet note on anticipated lines. Following a flat opening, the Index momentarily slipped in the negative zone, only to crawl back inside th…

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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…

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Friday Trade Setup: NIFTY Stays Inside Falling Channel; Likely Congestion Zone Created Between These Two Levels

Opening after a gap of one day, the Indian equities continued to underperform the global peers and failed to capitalize on the relatively better and buoyant setup as it managed to end the day with just modest gains. The session stayed dominated with weekly options expiry and stayed volatile within a…

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Thursday Trade Setup: NIFTY May See Incremental Move; This Broader Technical Picture Should Not Be Ignored

Following a steep cut in the earlier session, the markets recovered, more so in the second half of the session to end the day with gains. The NIFTY started on a quiet note on anticipated lines. However, it stayed in range until afternoon and did not make any major directional headway. However, the a…

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Tuesday Trade Setup: NIFTY Stays Within This Channel; Makes Structure Weak And Drags Resistance Lower

A sharp surge in Covid cases and impending lock down in parts of the country in general and Maharashtra in particular, dealt a serious blow to the sentiment as the NIFTY ended the day with a deep cup. Despite buoyant global setup, the Indian markets saw a very bad opening. The Index opened on a gap-…

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Monday Trade Setup: NIFTY Likely To See A Stable Start; Keeping Head Above This Level Important

On Friday, the Indian equities chose to stay in a defined range and consolidate above its crucial support levels. After seeing a flat start to the day, the NIFTY soon slipped in the negative zone in the morning session. After trading sideways and in a limited range until afternoon, it grew weaker to…

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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…

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Friday Trade Setup: NIFTY Stays Crucially Placed; Guard Profits Vigilantly Until This Level Is Taken Out

On a day which was wide-ranging and influenced with the weekly options expiry, the Indian equities moved everywhere before it ended the day with modest gains. The markets saw a better-than-expected opening today day. Following a positive start, the NIFTY traded in a defined range; however, it got st…

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Thursday Trade Setup: Weekly Options Expiry Shows NIFTY Evenly Placed; Sustaining Above This Point Crucial

While continuing to stay in a downward channel, the Indian equities extended their up move to end the day with gains. The NIFTY saw a stable start on the expected lines. After opening positive, the markets build some gains in the morning session. The index got stronger as the day progressed, and the…

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