Market Analysis & Forecast for 22nd February

 

NIFTY ANALYSIS

OPEN:  15,074.80 HIGH: 15,144.05
LOW:  14,898.20 CLOSE: 14,981.75
LOWER RANGE:  15,025 UPPER RANGE: 15,125

DII continued to sell, due to profit booking last week Nifty has fallen almost 400-500 point. There is no major movement this week. Nifty may consolidate. Reliance is very strong, otherwise the market would have fallen more. 

NIFTY FORECAST

Nifty upper range is 15,125 and lower range is 15,025. There is put writing at 14,800 and call writing at 15,250. Nifty expiry will be between this. If 15,025 broken we can observe a fall till 14,800.

STOCK RECOMMENDATION

CompanyPriceRecommendation
ASIAN PAINT2400Buy above this price
HDFC BANK1550Buy above this price

 

About Soumen Sadhukhan 119 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