Market Analysis & Forecast for 8th January

 

NIFTY ANALYSIS

 OPEN:  14,253.75 HIGH: 14,256.25
LOW:  14,123.75 CLOSE: 14,137.35
LOWER RANGE:  14,050 UPPER RANGE: 14,200

NIFTY has a GAP up opening but could not hold the 14,200 level. It made a high of 14,256 and started declining into the afternoon session of the day.

NIFTY FORECAST

NIFTY started consolidating around 14,200 and 14,000. A lot of profit booking is happening as 14,200 is a strong resistance zone. NIFTY will further consolidate around 13,800 and 14,200.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
BIOCON461.5464.1453.85455.4-0.95-1.69
DABUR537.4539.3533.45350.17-0.89
INFY129612961255.51266.5-1.22-0.9

STOCK RECOMMENDATION

 CompanyPriceRecommendation
BIOCON460Entry Triggered at 460, hold
INFY1170Entry Triggered at 1170, hold
DABUR540Buy Above this price

 

About Soumen Sadhukhan 105 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