Market Analysis & Forecast for 21st January

 

NIFTY ANALYSIS

 OPEN:  14,538.30 HIGH: 14,6666.45
LOW:  14,517.55 CLOSE: 14,644.70
LOWER RANGE:  14,600 UPPER RANGE: 14,700

NIFTY has broken its resistance. It is a V-shaped recovery from the correction. Reliance had a major contribution to the index gain.

NIFTY FORECAST

NIFTY is in bullish mode. Correction can happen. The range becomes very narrow. If nifty breaks above 14,700 we can see an upside till 14,850.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
BIOCON451.6453.9448.05449.8-0.40.6
CIPLA822.5834.9822.3832.81.262.58
DABUR544544.85536.6537.65-0.690.73
INFY1320.551348.41320.551339.451.730.35
AUROPHARMA926.2942923.79300.620.76

STOCK RECOMMENDATION

 CompanyPriceRecommendation
BIOCON460Entry Triggered at 460, hold
INFY1170Entry Triggered at 1170, market is consolidating. Book partial profit.
DABUR540Entry triggered.
CIPLA840Buy above this price
AUROPHARMA935Buy above this price

 

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