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GEMSTONE EQUITY RESEARCH
Trade Setup: Nifty50 attempts breakout, faces resistance at 15,620-15,675It remained in a gradually rising trajectory and maintained its gains throughout Monday's session.
Trade Setup: D-Street riding global trend, chase momentum cautiouslyThe rally we are seeing over the past couple of sessions is driven purely by reaction to the US election outcome. It would be rather useles...
Trade Setup: Nifty might see profit taking bouts, show resistance at 11,900-12,000 levelsOptions data suggests resistance in the 11,900-12,000 zones and these levels will be crucial from the immediate short-term perspective.
Trade Setup: Focus on defensive, non-discretionary stocksMonday's session is likely to have a stable start to the day with the levels of 11,065 and 11,155 acting as resistance points, while suppor...
Trade Setup: Market vulnerable now, Nifty50 may extend declineFor any sustainable up-move to occur, Nifty has to move past the 11,300-11,350 zone.
Trade setup: Nifty Put-Call ratio is sending out ominous signalsThe PCR, or Put-Call Ratio, has moved past the 1.80 mark, which shows that the market is clearly overbought in the near term.
Trade setup: Risk-on rally leaves Nifty at high risk; tread carefullyTraders should continue to keep trailing stop losses as they follow the rally.
Trade setup for Monday: Nifty50 precariously poised; don’t chase any up-moveVolatility continues to decline and is a matter of concern. VIX came off 3.81 per cent to 38.4075.
No, equities have not found a bottom: These charts prove itEquities are actually languishing in weakening quadrant, with no sign of momentum picking up.
Trade setup: Expect a tepid start to Monday’s trade; 9,200-9,245 levels keyThe market is likely to exhibit a cautious and tentative bias throughout the week.
Trade setup: Nifty vulnerable at higher levels; stay stock specificThe volatility moderately rose as India VIX climbed 2.03 per cent to 43.45.
Market week ahead: Nifty pullback losing momentum; IT, bank in tight spotApproach the week with caution as the loss of momentum remains a worry for the near term.
Dalal Street week ahead: Market may attempt a pullback in truncated weekMarket is expected to see an uncertain start on Tuesday as it adjusts to the global setup.
Sensex surges 1,500 points: Stimulus hopes & what else is driving this rallyMarket sentiments improved after the US Senate unanimously passed a massive stimulus package.
Corona carnage threatens to wipe off market’s entire Modi-era gainIndian stock market has eroded some Rs 52 lakh crore of investor wealth in recent selloff.
Tech view: Nifty forms small bearish candle, looks indecisive at higher levelsNifty formed a small bearish candle, showing signs the strong run may be losing steam.
Tech charts signal a major spike in Brent crude in coming weeksWhen compared with their five-year averages, OECD stocks are seen reducing consistently.
- Buy Wipro Ltd. target Rs 320 : Gemstone Equity Research
Buy Wipro Ltd. at a price target of Rs 320.0 and a stoploss at Rs 282 from entry point.
Market outlook: Nifty50 needs to sail past key resistance at 10,500On Monday,10,500 and 10,565 levels should play out as immediate resistance for Nifty50.
Whoa! This Nifty top of 10,180 was written way back in 2007The market may remain stock-specific with 10,180 level acting as the intermediate top.