Market Analysis & Forecast for 22nd September

 

NIFTY ANALYSIS

 OPEN:  11,503.8 HIGH: 11,535.3
LOW:  11,218.5 CLOSE: 11,222.2
LOWER RANGE:  11,190 UPPER RANGE: 11,340

NIFTY fell more than 2%. This is because of news of transactions of some banks. That information has made all the financial stocks plumbed. Based on our analysis lower range breakout has generated 170 points profit in 1 lot of NIFTY.

NIFTY FORECAST

NIFTY has had the biggest fall in the last 2 months. Upper range is 11,340 and lower range is 11,190

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
CIPLA806.25811.95762768.1-4.737.29
DABUR510511.95487.25490.7-3.491.17
TECHM807830784.3787.25-2.162.25

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
CIPLA754Buy Above this price
DABUR510Buy Above this price

 

About Soumen Sadhukhan 94 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