Market Analysis & Forecast for 7th October

 

NIFTY ANALYSIS

 OPEN:  11,603.45 HIGH: 11,680.30
LOW:  11,564.30 CLOSE: 11,662.40
LOWER RANGE:  11,530 UPPER RANGE: 11,700

NIFTY opened with a positive note and broke its upper range and had support over 11,600.

NIFTY FORECAST

NIFTY broke its upper range and reached 11,600. It has closed above 11,600 next target is 11,800. NIFTY will consolidate a couple of times before reaching 11,800. NIFTY next upper range is 11,700 and the lower range is 11,530

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseTue %Gain / LossMon % Gain/ Loss
CIPLA782788777779.10.060.73
TECHM854.95854.95832.58460.562.28
AUROPHARMA846.9849.9833.8836.8-0.763

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above. All the stocks were opened below so entry didn’t come.

 CompanyPriceRecommendation
CIPLA754Buy Above this price
TECHM778Buy Above this price

 

About Soumen Sadhukhan 72 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