Market Analysis & Forecast for 24th July

 

NIFTY ANALYSIS

 OPEN:  11,135 HIGH: 11,239.80
LOW:  11,103.15 CLOSE: 11,215.45
LOWER RANGE:  11,000 UPPER RANGE: 11,300

NIFTY broke above 11,200 and gave a good gain of 38 points and managed to stay above 11,200. NIFTY has a support around 10,900 so it may consolidate around this.

NIFTY FORECAST

NIFTY lower range is 11,000 and upper range is 11,300. NIFTY may consolidate around 10,900. Breaking upper range will provide uptrend till 11,500.

STOCK ANALYSIS

Today there was mixed movement of our stocks in the watch list. Stocks were consolidating around its price.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
AXISBANK472.95474.75459.2460.9-3.776.68
CIPLA663.95674662.2672.551.64-0.09
HDFC1881.0519101871.61872.25-0.47-0.14
ICICIBANK382.55395.65378.85394.83.590.61
ITC197.65201.5196.8201.22.372.24
TCS2190.952190.9521632174.2-0.76-1.53
TITAN1067.9510831051.11069.451.114.96

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
HDFC1912Buy Above this price
TCS2192Buy Above this price

 

About Soumen Sadhukhan 34 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