Market Analysis & Forecast for 16th March



OPEN:  15,048.40 HIGH: 15,048.40
LOW:  15,745.85 CLOSE: 14,929.50
LOWER RANGE:  14,900 UPPER RANGE: 15,000

FII sold 1101 Cr and DII sold 749 Cr. This has dragged the market down. Bank Nifty was down by 1000 points but recovered by 700 points. Market is looking for the direction. Nifty was closed 100 points down. 


Market is highly volatile. Nifty 15,000 rage is strong resistance. This will work as support also. Breaking this level will take market to 16,000.


PNB42Buy above this price
INFY1375Buy 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