Market Analysis & Forecast for 12th August

 

NIFTY ANALYSIS

 OPEN:  11,322.3 HIGH: 11,373.6
LOW:  11,299.1 CLOSE: 11,332.2
LOWER RANGE:  11,270 UPPER RANGE: 11,350

 NIFTY has broken its range of 11,270 and made a good move till 11,370 and settled at 11,330. If NIFTY holds this range then we will see the uptrend.

NIFTY FORECAST

NIFTY broke above its upper range and gave a rally of 100 points. If it breaks 11,350 and holds the level then we will see uptrend till 11,600

STOCK ANALYSIS

Stocks to add in the watchlist

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
AXISBANK435.3449.75435.3448.253.98-0.51
BHARTIARTL558560.5550.2551.25-1.36-0.35
DABUR510524.55510513.60.99-0.73
TCS228323122276.452280-0.12-0.55

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
AXISBANK450Buy Above this price
TCS2315Buy Above this price
BHARTIARTL562Buy Above this price

 

About Soumen Sadhukhan 57 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