Market Analysis & Forecast for 16th July



 OPEN:  10701 HIGH: 10827.5
LOW:  10577.8 CLOSE: 10637
LOWER RANGE:  10,500 UPPER RANGE: 10,850

NIFTY opened with a positive note. Managed to break 10,800 but could not hold the gain. Reliance fall has brought down NIFTY to its lower range. The NIFTY range is still wide. It has to break 10850 for bullish and if it breaks below 10500 then we can observe some fall.


NIFTY has a very wide range today. Taken the global que NIFTY has broken its lower range. Now NIFTY has to break above 10,850 for uptrend and if it breaks below 10,500 it will further go down till 10,200.


NIFTY has a mixed impact on the major stocks. Add below stocks in your watch list.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss


Stocks Recommended if the price breaks above. Tomorrow’s market movement is important to identify the direction. Below stocks are recommended.

DABUR490Buy Above this price
ICICIBANK358Buy Above this price


About Soumen Sadhukhan 111 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