Market Analysis & Forecast for 10th August

 

NIFTY ANALYSIS

OPEN:  11,186.6 HIGH: 11,231.9
LOW:  11,142 CLOSE: 11,214
LOWER RANGE:  11,100 UPPER RANGE: 11,260

NIFTY was within its range. It has halted and moved within its range. Good for option seller where they got the benefit of the premium decay

NIFTY FORECAST

NIFTY breaks above 11,280 will give a movement till 11,500 and breaks below 11,100 will go till 10,800. NIFTY has support at 10,800

STOCK ANALYSIS

Stocks to add in the watchlist

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
AXISBANK431.45437427.15433.20.05-0.45
TCS2308232822872295-0.572.15
BHARTIARTL556563.4552.05560.80.99-0.65

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above. 

CompanyPriceRecommendation
AXISBANK438Buy Above this price
TCS2330Buy Above this price
BHARTIARTL565Buy Above this price

 

About Soumen Sadhukhan 56 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