Market Analysis & Forecast for 23rd February



OPEN:  14,999.05 HIGH: 15,010.10
LOW:  14,635.05 CLOSE: 14,675.70
LOWER RANGE:  14,600 UPPER RANGE: 14,725

Yesterday FII and DII have continued their sales. Market was initially positive, but later it has fallen  300 points. Bank nifty has fallen 1500 points. There was a signal of slight recovery, but in last 30 mins market has witnessed huge fall.


There is addition of open interest 14,800, 14,900, 15,000 . Call writer is most active at this point. So the expectation is that Nifty will expire at this range. Nifty lower range is 14,600. Breaking this level means nifty will further go down. SGX nifty is up by 100 points. There can be gap up opening today. 


ASIAN PAINT2400Buy above this price
HDFC BANK1550Buy above this price. Once HDFC bank takes support it will be good buy.


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