Market Analysis & Forecast for 4th January

 

NIFTY ANALYSIS

 OPEN:  13,996.10 HIGH: 14,049.85
LOW:  13,991.35 CLOSE: 14,018
LOWER RANGE:  13,935 UPPER RANGE: 14,100

NIFTY has reached a lifetime high of 14,000 and in bullish mode. It is a fantastic rally nifty made from 7,500 to 14,000. Some retracement is pending.

NIFTY FORECAST

NIFTY is in a bullish trend. The lower limit is 13,935 and the upper limit is 14,100. If nifty breaks 14,100 and hold it will go up to 14,200. NIFTY is facing strong resistance at 14,200.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
BIOCON466468.5463.35465.750.081.46
DABUR534538.45532.3534.20.04-1.03
INFY1257.91265.51255.81260.450.370.72

STOCK RECOMMENDATION

 CompanyPriceRecommendation
BIOCON460Entry Triggered at 460, hold
INFY1170Entry Triggered at 1170, hold
DABUR540Buy 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