Market Analysis & Forecast for 11th September

 

NIFTY ANALYSIS

 OPEN:  11,363.3 HIGH: 11,464
LOW:  11,327.4 CLOSE: 11,449.25
LOWER RANGE:  11,300 UPPER RANGE: 11,500

NIFTY has gap up opening and recovered well. After retrenchment or profit booking again NIFTY had an upward movement.

NIFTY FORECAST

NIFTY has a bigger range shift and the lower range is 11,300 and the upper range is 11,500. If NIFTY breaks this 11,500 we will see more uptrend 11,800. One of the contributors is the reliance on this NIFTY gain.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
AXISBANK436.45448.7430.754473.65-2.95
HDFC17811792.9517601770.50.55-0.93
HINDUNILVR21422142.252118.22133.90.08-0.47

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
AXISBANK445Buy Above this price
HDFC1778Buy Above this price

 

About Soumen Sadhukhan 103 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