Market Analysis & Forecast of 2nd July

 

NIFTY ANALYSIS

OPEN:  10493 HIGH: 10598.20
LOW:  10485.50 CLOSE: 10563.60
1 DAY GAIN/LOSS: 1.28% NIFTY LOT: 75
LOWER RANGE:  10,300 UPPER RANGE: 10,600

NIFTY opened a gap up with a positive note. NIFTY broke yesterday’s upper range 10,500 and made a rally till 10598. NIFTY has increased by 1.28% compared to yesterday closing.

NIFTY future has provided a gain of 98 Rs.  Capital Required to enter Nifty future on Intraday was approx. 72,000 Rs.

NIFTY FORECAST

There is a range shift that gives a sense of positive mood. If tomorrow Nifty crosses above 10600 we will see more uptrend. If NIFTY brakes below 10,300 we will observe downtrend. 10,300 will work as a support.

STOCK ANALYSIS
TickerOpenHighLowClose Entry
BAJAJFINSV6199.9562676112.6561906195
BAJFINANCE29803016292529502968
HDFC1852.9518991842.61892.851844
UPL451.35453.75440.35442.5449
AXISBANK441441.5421.3424.8437

Entry triggered for Bajajfinsv , Bajaj Finance, HDFC , UPL , Axis bank. These stocks are getting momentum There is a new recommended price for the stocks for tomorrow to pick up.

STOCK RECOMMENDATION

New entry for the recommended stocks will be above the recommended price.

CompanyPriceRecommendation
   
BAJAJFINSV6268 Buy when price cross above this price
BAJFINANCE3017 Buy when price cross above this price
HDFC1900 Buy when price cross above this price
UPL455 Buy when price cross above this price
AXISBANK443 Buy when price cross above this price

 

About Soumen Sadhukhan 90 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