Market Analysis & Forecast for 10th February

 

NIFTY ANALYSIS

 OPEN:  15,164.15 HIGH: 15,257.10
LOW:  15,064.30 CLOSE: 15,109
LOWER RANGE:  15,050 UPPER RANGE: 15,150

NIFTY broke the psychological resistance and managed to hold the level. Now before market closing, Nifty has witnessed heavy selling pressure from DII. FII: +1300 Cr Vs DII: -1756 Cr. We have to observe the level along with volume data.

NIFTY FORECAST

Nifty upper range is 15,150. If the upper range is broken we can see a potential uptrend till 15,600 and the lower range is 15,050. If the lower range is broken then support is at 14,200. Upside movement we may observe till 15,400.

STOCK RECOMMENDATION

 CompanyPriceRecommendation
DMART2887Buy above this price, buy price triggered
ITC220Buy above this price, buy price triggered.
TECHM990Buy above this price, 990.

 

About Soumen Sadhukhan 114 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