Market Analysis & Forecast for 23rd July

 

NIFTY ANALYSIS

 OPEN:  11,231.2 HIGH: 11,231.2
LOW:  11,056.5 CLOSE: 11,143.6
LOWER RANGE:  10,950 UPPER RANGE: 11,200

NIFTY could not hold 11,200 and paused for the day and consolidated around 11,000 and 11,200. This consolidation may continue. It was within the range guidance provided yesterday.

NIFTY FORECAST

NIFTY lower range 10,950 and upper range 11,200. NIFTY may consolidate within this range. On upside break NIFTY will go till 11,500. Downside NIFTY will go till 10,700.

STOCK ANALYSIS

From the watchlist AXISBANK and TITAN have provided good gains 6.68% and 4.96%.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
AXISBANK478484.6460.14766.682.81
CIPLA666.15677.8657.5661.45-0.13-1.79
HDFC1895.51898.951851.51896.350.674.3
ICICIBANK386.9389.5375.33820.844.35
ITC193197.9192.5196.952.44-0.23
TCS223122312184.22190-1.580.78
TITAN1020.251065.951015.61065.54.961.34

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
CIPLA679Buy Above this price
TCS2232Buy Above this price

 

About Soumen Sadhukhan 32 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