Market Analysis & Forecast for 4th September

 

NIFTY ANALYSIS

 OPEN:  11,566.2 HIGH: 11,585
LOW:  11,507.6 CLOSE: 11,536
LOWER RANGE:  11,400 UPPER RANGE: 11,570

NIFTY was very range-bound. It has moved within a very close range. It has to break either direction to set up his trend.

NIFTY FORECAST

NIFTY was rangebound. SGX nifty has a great fall. This indicates the gap down opening of NIFTY. If NIFTY breaks below 11,400 we will see a sharp fall till 11,100 and upside it has to break 11,570.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
AXISBANK488.4489.95473.1474.95-1.95-0.27
CIPLA742.7745.95735738.60.050.23
ICICIBANK392.4392.4381.05382.75-2.460.37
TECHM739.95762733.1759.553.311.01

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
ICICIBANK395Buy Above this price
CIPLA747Buy 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