Market Analysis & Forecast for 16th September

 

NIFTY ANALYSIS

 OPEN:  11,487.2 HIGH: 11,536
LOW:  11,442.3 CLOSE: 11,531.8
LOWER RANGE:  11,410 UPPER RANGE: 11,560

NIFTY has GAP up opening and was able to hold on the gain. This indicates a positive outlook for the buyer.

NIFTY FORECAST

NIFTY gap up opening and holding the gain indicated positive momentum. Once it breaks 11,560 and holds we will see upside movement till 11,750

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseTue %Gain / LossMon % Gain/ Loss
CIPLA723754722.8742.452.89-0.6
ICICIBANK364.05372.25363.7371.552.16-1.84
ITC184184180.8181.8-0.85-0.33

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
CIPLA754Buy Above this price
ITC187Buy Above this price

 

About Soumen Sadhukhan 58 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