Market Analysis & Forecast for 20th July

 

NIFTY ANALYSIS

 OPEN:  10752 HIGH: 10933.5
LOW:  10749.6 CLOSE: 10927.9
LOWER RANGE:  10,650 UPPER RANGE: 10,950

NIFTY recovered and made a bullish move. Market momentum is positive. We may see a consolidation around 10800. Once this consolidation is done NIFTY will take its direction. 10950 breaking will be uptrend and 10650 breaking will be downtrend.

NIFTY FORECAST

We may see a sideways market tomorrow NIFTY consolidating around 10800. But the overall trend is bullish. To confirm the bullish trend NIFTY has to cross 10,950.

STOCK ANALYSIS

Next week watch these stocks.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
BPCL404.5447.4392443.812.676.57
DABUR489.95495.35483.5490.750.641.67
HDFC18001821.951784.051805.851.01-0.12
HINDUNILVR2285234022812334.552.040.56
JSWSTEEL203.2211.8202.65206.752.783.21

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
HINDUNILVR2342Buy Above this price
JSWSTEEL214Buy Above this price

 

About Soumen Sadhukhan 89 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