Market Analysis & Forecast for 7th January



 OPEN:  14,240.95 HIGH: 14,244.14
LOW:  14,039 CLOSE: 14,146.25
LOWER RANGE:  13,935 UPPER RANGE: 14,100

NIFTY after reaching 14,200 pause his 9 days rally. It has crashed almost 200 points.The market has witnessed heavy selling from DII and FII. Retails trader has started profit booking. Later NIFTY recovered 100 points


NIFTY will start doing consolidation around 13,800 and 14,200. We have one of the biggest events coming up. Our budget is very important, so across January, we will see continuous profit booking and consolidation.


Stocks to add to the watchlist.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss


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