Market Analysis & Forecast for 8th October

 

NIFTY ANALYSIS

 OPEN:  11,679.25 HIGH: 11,763.05
LOW:  11,629.35 CLOSE: 11,738.85
LOWER RANGE:  11,600 UPPER RANGE: 11,770

NIFTY made another 100 points and ready to touch 11,800. Thursday being expiry we may see reaching 11,800. But holding 11,800 will be difficult. 200 points movement without consolidation is not a perfect pattern.

NIFTY FORECAST

NIFTY ready to touch 11,800. After reaching we will see profit-booking and consolidation. But if it breaks down 11.600 we will see fall till 11,500

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
CIPLA780790.65771774.9-0.70.22
TECHM847848.15837.25847-0.050.73
AUROPHARMA836.7848.9818.05823.2-1.63-0.76

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 73 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