Market Analysis & Forecast for 18th September

 

NIFTY ANALYSIS

 OPEN:  11,539.4 HIGH: 11,587.2
LOW:  11,498.5 CLOSE: 11,519.3
LOWER RANGE:  11,460 UPPER RANGE: 11,630

NIFTY has a gap down opening and remain in negative bias the whole day.

NIFTY FORECAST

NIFTY was in negative bias and could not break the range. The lower range is 11,460 and the upper range is 11,630 Once NIFTY break 11,630 and holds the gain we will see movement up to 11,800

STOCK ANALYSIS

Stocks to add to the watchlist. 

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
CIPLA751762746.7751.15-0.191.37
ICICIBANK370371.75367.4368.7-1.60.85
ITC180.8181.5177.8178.35-1.27-0.63

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
CIPLA754Buy Above this price
ITC183Buy Above this price

 

About Soumen Sadhukhan 60 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