Market Analysis & Forecast for 30th July

 

NIFTY ANALYSIS

 OPEN:  11,276.9 HIGH: 11,341.4
LOW:  11,149.8 CLOSE: 11,198.5
LOWER RANGE:  11,100 UPPER RANGE: 11,350

NIFTY could not cross the upper range 11,350. It wasn’t able to break the lower range.

NIFTY FORECAST

NIFTY was consolidating around 10,200. This may trigger further retracement. If NIFTY breaks below 11,100 we will see a downtrend. If  NIFTY breaks above 11,350 then we will see an uptrend.

STOCK ANALYSIS

Stocks to add in the watchlist

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
BHARTIARTL565.25569.15560.25566.50.340.91
CIPLA662.6685.55662.6680.52.71.49
HINDUNILVR22352262.222152234-0.380.95
NESTLEIND170001719916510.616670-2.49-1.47

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
BHARTIARTL575Buy 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