Market Analysis & Forecast for 28th July

 

NIFTY ANALYSIS

 OPEN:  11,225 HIGH: 11,225
LOW:  11,087.9 CLOSE: 11,126.4
LOWER RANGE:  11,000 UPPER RANGE: 11,300

NIFTY opened with a negative note. Whole day was sideways. NIFTY strong resistance 11,300. Weak support at 11,000. If it breaks 11,000 then NIFTY will go till 10,800

NIFTY FORECAST

NIFTY lower range is 11,000. NIFTY is consolidating around this price. It may test 10,900. But will be rangebound in next 1 or 2 days before it gets a direction.

STOCK ANALYSIS

Stocks to add in the watchlist

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
CIPLA673.95673.95650.4651.7-2.15-0.8
HINDUNILVR2217.752235.952184.752221.50.55-0.09
NESTLEIND173001741517211.9173690.68-0.03

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
NESTLEIND17,412Buy Above this price
HINDUNILVR2221Buy 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