Market Analysis & Forecast for 9th July

 

NIFTY ANALYSIS

 OPEN:  10818.6 HIGH: 10847.9
LOW:  10676.5 CLOSE: 10696.1
LOWER RANGE:  10,650 UPPER RANGE: 10,850

NIFTY broke above 10,800 but could not sustain above 10,800. NIFTY is consolidating around 10,650 and 10,700. NIFTY next movement will provide a direction of the market.

NIFTY FORECAST

As given the forecast on 8th July NIFTY has to stay above 10,700 and break 10,800. The upper guideline changes. NIFTY has to break above 10,850 before it starts again a bullish move. If NIFTY breaks below 10,650 down trends will start and support will be around 10,500.

STOCK ANALYSIS

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
DABUR483.9483.9471.05471.1-1.562.7
ICICIBANK377.9379367.55368.6-1.983.92

STOCK RECOMMENDATION

 Stocks hold good to buy above recommended price.

 CompanyPriceRecommendation
DABUR485Buy Above this price
ICICIBANK381Buy Above this price

 

About Soumen Sadhukhan 55 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