Market Analysis & Forecast for 1st September

 

NIFTY ANALYSIS

 OPEN:  11,777.5 HIGH: 11,794.3
LOW:  11,325.9 CLOSE: 11,387.5
LOWER RANGE:  11,300 UPPER RANGE: 11,410

NIFTY has broken its support of 11,570 and had a straight fall. This is more than the correction. The new margin and pledge rule have pushed the market down.

NIFTY FORECAST

NIFTY initially broken its resistance but had a sharp fall. It has broken its support and short trade triggered. The lower range is 11,300 and the upper range is 11,410

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
AXISBANK524.45533.85486.3496.75-2.457.64
CIPLA752755.7705.2713.55-4.68-1.01
ICICIBANK414.85422387.5394.6-3.694.46
TECHM759.7774.7732.1741-1.512.28

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
ICICIBANK395Buy Above this price

 

About Soumen Sadhukhan 109 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