Market Analysis & Forecast for 14th December

December 13, 2020 Soumen Sadhukhan Markets 0

 

NIFTY ANALYSIS

 OPEN:  13,512.30 HIGH: 13,579.35
LOW:  13,402.85 CLOSE: 13,513.85
LOWER RANGE:  13,360 UPPER RANGE: 13,550

NIFTY had a 140 points fall and then recovered in the last session and managed to close around 13,513. The market is still bullish. If 13,500 level is held then we will see further upside.

NIFTY FORECAST

NIFTY is in a bullish trend. The lower limit is 13,360 and the upper limit is 13,550. If nifty breaks 13,550 and hold it will go up to 13,800. NIFTY next resistance is 13,800 and support at 13,200. Next resistance is 14,200.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
BIOCON455456.9450455.450.330.67
INFY1159.71171.9511561165-0.24-0.63

STOCK RECOMMENDATION

 CompanyPriceRecommendation
BIOCON460Buy Above this price
INFY1170Buy Above this price

 

About Soumen Sadhukhan 126 Articles
Soumen Sadhukhan, is a Stock Trading Expert with strong DataScience Background. He builds and implements Artificial Intelligent Tools in the areas of Stock Trading, Commodities, Forex, etc., He also provides training and consulting on Technical Analysis of the stock market, Trading and Investment using Technical Indicator and Machine learning , Quantitative Analytics using statistical model , Portfolio Management Risk Management and Risk Optimization , Algorithmic Trading and Trading System building , Hedge fund management and other programmes
Disclaimer: Our forecasts are based on predictions from our algorithms. However and they involve risks, variables and uncertainties. No guarantee is presented or implied as to the accuracy of forecasts, projections or predictive statements contained herein. Invest at your own risk

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