Market Analysis & Forecast for 6th July

 

NIFTY ANALYSIS

OPEN:  10615 HIGH: 10631.3
LOW:  10562.6 CLOSE: 10607.4
LOWER RANGE:  10,500 UPPER RANGE: 10,700

NIFTY is uptrend for last 3 days. There is a range shift happened in last Friday. Probably nifty ill go for retest before breaking 10,700 level.

NIFTY FORECAST

NIFTY is in uptrend. If nifty holds above 10,700 there is a buy opportunity. If nifty sustains above 10700 then we will see more uptrend. Nifty may retest before it breaks 10,700. Downside nifty may test 10,500. If NIFTY breaks below 10,500 then NIFTY may go down till 10,200.

STOCK ANALYSIS

CompanyOpenHighLowCloseFri % Gain/LossThurs % Gain/LossWed % Gain/Loss
HDFC1905.5519081867.31885.2-0.222.964.59
HEROMOTOCORP268027502677.62738.252.54.870.02
ITC208208.5206207.550.831.454.24
RELIANCE1779.8179317681787.91.571.311.97
TCS2163.6522052160.252199.651.973.110.48

Above stocks have provided 3 days net positive return. Looking at the above data below stocks are recommended to trade on Monday. The stocks have to break the high range.

STOCK RECOMMENDATION

Below stocks are recommended to invest on Monday.

CompanyPriceRecommendation
HDFC1910 Buy Above this price.
HEROMOTOCO2752 Buy Above this price
TCS2207 Buy Above this price

 

About Soumen Sadhukhan 56 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