Market Analysis & Forecast for 24th August

 

NIFTY ANALYSIS

 OPEN:  11,409.6 HIGH: 11,418.5
LOW:  11,362.2 CLOSE: 11,371.6
LOWER RANGE:  11,320 UPPER RANGE: 11,400

NIFTY consolidation phase may be over. It is picking up a bullish trend. Once NIFTY holds 11,400 uptrends will happen.

NIFTY FORECAST

NIFTY may provide a breakout above 11,420 and if it changes the direction and breaks below 11,320 then we will see a downtrend.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
BHARTIARTL529.8529.8516520.25-1.01-1.92
DABUR496.5498.5491491.95-0.13-0.32
TCS226022712241.052248.6-0.19-0.17

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
BHARTIARTL530Buy Above this price

 

About Soumen Sadhukhan 55 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