Market Analysis & Forecast for 21st August

 

NIFTY ANALYSIS

 OPEN:  11,317 HIGH: 11,361.5
LOW:  11,289.8 CLOSE: 11,308.3
LOWER RANGE:  11,250 UPPER RANGE: 11,350

NIFTY started consolidation. Some profit booking happened. NIFTY will stay within range before it makes any further move.

NIFTY FORECAST

NIFTY is range bound and will move between 11,250 and 11,350. The range has become narrow. Once the consolidation is over we will observe break out movement.

STOCK ANALYSIS

Stocks to add to the watchlist. JSWSTELL is still showing positive results.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
JSWSTEEL273284.4271.152841.960.51
TITAN1130.051138.41118.81129-1.690.25
AUROPHARMA861.9874.95855.55856-0.97-0.89

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
JSWSTEEL269Buy Above this price

 

About Soumen Sadhukhan 104 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