Market Analysis & Forecast for 7th September

September 7, 2020 Soumen Sadhukhan Markets 0

 

NIFTY ANALYSIS

 OPEN:  11,354.4 HIGH: 11,452
LOW:  11,303.6 CLOSE: 11,356.5
LOWER RANGE:  11,300 UPPER RANGE: 11,380

As indicated NIFTY has a gap down and then recovered 100 points. From there again NIFTY settled near to its opening price.

NIFTY FORECAST

NIFTY lower range is shifting and the lower limit is 11,300. If it breaks the lower limit NIFTY will take its support at 11,200 and the upper limit is 11,380. If this breaks the resistance is at 11,500

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
AXISBANK469472.95452.6455.2-4.16-1.95
HDFC1783.617891761.81769.7-2.16-1.01

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
AXISBANK475Buy Above this price
HDFC1792Buy Above this price

 

About Soumen Sadhukhan 126 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

Related Articles