Market Analysis & Forecast for 17th September

 

NIFTY ANALYSIS

 OPEN:  11,538.5 HIGH: 11,618.1
LOW:  11,516.8 CLOSE: 11,604.55
LOWER RANGE:  11,490 UPPER RANGE: 11,630

NIFTY had a bullish move. It has broken its upper range and closed near its high range.

NIFTY FORECAST

NIFTY had a bullish move and now the upper range is 11,630. Once it breaks the upper range it has to hold the range. Then the fresh uptrend will get confirmed.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
CIPLA743.95756.5732752.61.372.89
ICICIBANK371.35376.7365374.70.852.16
ITC181.85183.5180.05180.65-0.63-0.85

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
CIPLA754Buy Above this price
ITC187Buy Above this price

 

About Soumen Sadhukhan 126 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