Market Analysis & Forecast for 18th January

 

NIFTY ANALYSIS

OPEN:  14,594.35 HIGH: 14,617.45
LOW:  14,357.85 CLOSE: 14,433.70
LOWER RANGE:  14,380 UPPER RANGE: 14,490

After a long bull run, NIFTY correction started. NIFTY has made a low of 14,357. It has recovered from low but this gives an indication of profit booking and consolidation.

NIFTY FORECAST

NIFTY range is very important. Once it breaks the range it will take the direction towards that. If markets break below 14,380 we will see further down till 14,200.  

STOCK ANALYSIS

Stocks to add to the watchlist. 

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
BIOCON466.5466.6455457.05-2.020.79
DABUR548.5552.55539.05540.75-1.492.4
INFY13601363.8513401344.95-1.86-1.2

STOCK RECOMMENDATION

CompanyPriceRecommendation
BIOCON460Entry Triggered at 460, hold
INFY1170Entry Triggered at 1170, market is consolidating. Book partial profit.
DABUR540Entry triggered.

 

About Soumen Sadhukhan 109 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