Market Analysis & Forecast for 4th February

 

NIFTY ANALYSIS

OPEN:  13,754.90 HIGH: 14,868.85
LOW:  14,574.15 CLOSE: 14,789.95
LOWER RANGE:  14,740 UPPER RANGE: 14,810

NIFTY volatility is still high. Nifty has gained over 0.97% PSU bank is performing well. If Nifty holds 14,800 level we can expect another bull run. The next bull run will continue till 16,000

NIFTY FORECAST

Nifty upper range is 14,810. If the upper range is broken we can see a potential uptrend till 15,200 and the lower range is 14,740. If the lower range is broken then support is at 14,200. Buy call option once Nifty breaks the upper range and buy put option once breaks lower range.

STOCK ANALYSIS

Stocks to add to the watchlist. 

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
DMART2864.82945.752825.228770.282.03
ITC221.5222215.7216.45-0.81.04
TECHM9651000960.1983.32.731.64

STOCK RECOMMENDATION

CompanyPriceRecommendation
DMART2887Buy above this price
ITC220Buy above this price
TECHM990Buy 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