Market Analysis & Forecast for 28th August

 

NIFTY ANALYSIS

 OPEN:  11,609.3 HIGH: 11,617.4
LOW:  11,540.6 CLOSE: 11,574
LOWER RANGE:  11,510 UPPER RANGE: 11,600

NIFTY has broken its resistance of 11,600 and confirming his bullish trend. It could not hold the gain and closed at 11,574. 

NIFTY FORECAST

NIFTY has started an upward journey. The NIFTY new upper range is 11,600 and downside support is 11,510. There is a lower range shift. NIFTY has to break upper range and hold 11,600 before it takes the next movement.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
BHARTIARTL528.4528.4512514.5-0.65-2.68
DABUR496502492.15495.95-0.560.81
JSWSTEEL285.5286.85283.15286.21.080.46

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
BHARTIARTL530Buy 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