Market Analysis & Forecast for 22nd July

 

NIFTY ANALYSIS

 OPEN:  11,126.1 HIGH: 11,179.5
LOW:  11,113.3 CLOSE: 11,170.2
LOWER RANGE:  10,900 UPPER RANGE: 11,200

NIFTY opened on a positive note and gap up. It has broken the upper range guidance provided in yesterday’s forecast. NIFTY is continuously having a range shift. Lower range shifted to 10,900.

NIFTY FORECAST

NIFTY lower range shifted from 10,750 to 10,900. Upper range is 11,200. If nifty breaks above 11,200 we will see more uptrend. If NIFTY breaks 10,900 we will see consolidation around 10,800.

STOCK ANALYSIS

Stocks to watch this week. In yesterday’s watchlist 2 stocks ICICIBANK and HDFC gained over 4%

CompanyOpenHighLowCloseTue %Gain / LossMon % Gain/ Loss
AXISBANK440451438.5445.92.740.21
CIPLA676.1682.1660663.3-1.64-2.14
HDFC1816.51900.95181518874.480.01
ICICIBANK371379.9370.15378.94.382.6
ITC192.1194.2191.5192.3-0.21-0.7
TCS22302238.652201.152224.550.750.32
TITAN10041017.4999.251016.81.510.39

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
CIPLA683Buy Above this price
ICICIBANK381Buy Above this price
TCS2240Buy Above this price

 

About Soumen Sadhukhan 35 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