Market Analysis & Forecast for 29th January

 

NIFTY ANALYSIS

 OPEN:  13,810.40 HIGH: 13,98.25
LOW:  13,713.25 CLOSE: 13,817.55
LOWER RANGE:  13,400 UPPER RANGE: 14,200

NIFTY volatility has increased. There is a possibility that NIFTY may take support and reverse from 13,600. But if it can’t hold the level and break 13,400 more downfalls will continue. During the day NIFTY started recovering but could not keep the gain. Bank Nifty has a recovery. Reliance fall also dragged index. After the budget, you can pick up fundamentally strong stock.

STOCK ANALYSIS

There will be no suggestion to buy until the budget is over. Based on the budget we will provide a new recommendation.

 

About Soumen Sadhukhan 111 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