Market Analysis & Forecast for 31st August

 

NIFTY ANALYSIS

 OPEN:  11,603 HIGH: 11,686
LOW:  11,589.4 CLOSE: 11,655.3
LOWER RANGE:  11,570 UPPER RANGE: 11,690

NIFTY has broken its resistance of 11,600 and confirming his bullish trend. It has stayed above its resistance. We will see more uptrend. September month we may see some more consolidation.

NIFTY FORECAST

NIFTY has started an upward journey. The NIFTY new upper range is 11,690 and downside support is 11,570. NIFTY broke its upper range and hold that range. NIFTY may go up to 11,800.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
AXISBANK476.45503.15476.05500.75.852.09
CIPLA763771752.8759.550.441.1
ICICIBANK393.9402.6393.05401.652.410.73
TECHM741752740751.42.150.38

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
ICICIBANK405Buy Above this price

 

About Soumen Sadhukhan 90 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