Market Analysis & Forecast for 9th September

 

NIFTY ANALYSIS

 OPEN:  11,378.5 HIGH: 11,437.3
LOW:  11,290.45 CLOSE: 11,317
LOWER RANGE:  11,250 UPPER RANGE: 11,450

NIFTY took support at 11,320 and was recovering well. Last session nifty could not hold the gain because of multiple factors. Indo china border sentiment, profit-booking. We have seen heavy selling pressure.

NIFTY FORECAST

The NIFTY upper range is 11,450. If this range breaks we will see an upward move till 11,600

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseTue %Gain / LossMon % Gain/ Loss
AXISBANK459.8462.4441.25442.35-3.560.77
HDFC1785.11793.251770.81775.35-0.881.21
HINDUNILVR215421712141.552157.25-0.251.79

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
AXISBANK464Buy Above this price
HDFC1786Buy Above this price

 

About Soumen Sadhukhan 91 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