Market Analysis & Forecast for 8th September

 

NIFTY ANALYSIS

 OPEN:  11,359.6 HIGH: 11,381.1
LOW:  11,251.7 CLOSE: 11,355
LOWER RANGE:  11,200 UPPER RANGE: 11,380

NIFTY broke its lower limit and took support at 11,250 and from there it recovered 100 points.

NIFTY FORECAST

NIFTY lower range is shifting and the lower limit is 11,200. If it breaks the lower limit NIFTY will take its support at 11,100 and the upper limit is 11,380. If this breaks the resistance is at 11,500

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
AXISBANK457467.15450.65458.70.77-4.16
HINDUNILVR212621742103.752162.61.79-0.68
HDFC17731801.4517601791.11.21-2.16

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
AXISBANK470Buy Above this price
HDFC1792Buy 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