Market Analysis & Forecast for 14th January

 

NIFTY ANALYSIS

 OPEN:  14,639.80 HIGH: 14,653.35
LOW:  14,435.35 CLOSE: 14,564.85
LOWER RANGE:  14,380 UPPER RANGE: 14,600

NIFTY has a positive opening but could not hold the gain. We see a lot of profit booking. Today is weekly expiry and PCR is 14,500. NIFTY will expire around 14,500 or below that value.

NIFTY FORECAST

NIFTY moved moderately and could not keep the 14,600 level. If today we have a gap up above 14,600 and the second session it crosses below 14,600 we can buy the PUT option on an intraday basis.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
BIOCON472472.2460.7462.65-1.930.11
DABUR541.15545.45533.6536.6-0.81-1.01
INFY1373.851392.813601388.651.23-0.32

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