Market Analysis & Forecast for 8th July

July 7, 2020 Soumen Sadhukhan Markets 1

 

NIFTY ANALYSIS

 OPEN:  10802 HIGH: 10813.8
LOW:  10689.7 CLOSE: 10788
LOWER RANGE:  10,600 UPPER RANGE: 10,800

NIFTY broke above 10,800 but could not sustain above 10,800. 10,600 is considered as a strong support. If it holds at this stage then we will observe an up move of 11,100. Downside it may go till 10,500.

NIFTY FORECAST

NIFTY is in critical resistance level. 10,800 breaking will provide an upward trend. 10,600 breaking will start consolidation. After NIFTY view is bullish.

STOCK ANALYSIS

CompanyOpenHighLowCloseTues %Gain / LossMon % Gain/ Loss
AXISBANK433.5449426.2445.952.751.3
BAJAJFINSV63236629.76275.056565.954.472.21
BAJFINANCE31503419.653125.33349.97.766.05

Above stocks made a good movement today. There was a buy recommendation given on 2nd July 2020. 

STOCK RECOMMENDATION

 Stocks hold good to buy above recommended price.

 CompanyPriceRecommendation
AXISBANK451Buy Above this price
BAJAJFINSV6631Buy Above this price
BAJFINANCE3421Buy 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

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