Market Analysis & Forecast for 9th October

 

NIFTY ANALYSIS

 OPEN:  11,835.40 HIGH: 11,905.70
LOW:  11,791.15 CLOSE: 11,834.60
LOWER RANGE:  11,750 UPPER RANGE: 11,850

NIFTY has crossed 11,900 but could not hold the level it closed at 11,800 level. It will consolidate now and after that, we will get a new direction

NIFTY FORECAST

NIFTY touched 11,900 and made a new high. There was a continuous upwards trend. Consolidation is pending. If NIFTY breaks the lower range of 11,750 consolidations will start. For uptrend, NIFTY has to hold 11,800 and breaks 11,950

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
DABUR526.65527516.45522.5-0.3-0.52
JSWSTEEL291.5298.4287.65292.750.450.03
AUROPHARMA828841.8820.38381.8-1.63

STOCK RECOMMENDATION

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

 CompanyPriceRecommendation
DABUR528Buy Above this price
AUROPHARMA842Buy Above this price

 

About Soumen Sadhukhan 105 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