Market Analysis & Forecast for 14th September

 

NIFTY ANALYSIS

 OPEN:  11,447.8 HIGH: 11,493.5
LOW:  11,419.9 CLOSE: 11,464.5
LOWER RANGE:  11,390 UPPER RANGE: 11,490

NIFTY has moved between a very narrow range. It could not break its resistance nor support. Breaking the support or resistance will provide guidance.

NIFTY FORECAST

NIFTY is moving within a narrow range. This week we will see some indecision because of SEBI circular on the mutual fund. The mutual fund manager has to rebalance large-cap shared from the multi-cap. Possible opportunity to pick up quality stock at a lower price in the future. NIFTY upper range is 11,490 and the lower range is 11,390.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
CIPLA725.8731.5720.25725.95-0.12-0.1
ICICIBANK373373.65365.1370.5-0.050.84
ITC184.9186.5182.75183.95-0.510.6

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
CIPLA432Buy Above this price
ITC187Buy Above this price

 

About Soumen Sadhukhan 56 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