Market Analysis & Forecast for 13th October

 

NIFTY ANALYSIS

 OPEN:  11,973.55 HIGH: 12,022.05
LOW:  11,867.20 CLOSE: 11,930.95
LOWER RANGE:  11,820 UPPER RANGE: 11,970

NIFTY had a gap up open but could not hold the days gain. The banking sector pulled down NIFTY.

NIFTY FORECAST

NIFTY is trying to hold the 11,900 level. But 2 consolidation may occur. In an uptrend, NIFTY will go up to 12,600. The upper range is 11,970 and the lower range is 11,820

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
DABUR520521.4512.75516.2-0.56-0.57
JSWSTEEL294.9294.9279.35285.15-2.35-0.32
AUROPHARMA834.55846.8828.1834.15-0.05-0.38

STOCK RECOMMENDATION

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

 CompanyPriceRecommendation
DABUR522Buy Above this price
AUROPHARMA842Buy Above this price

 

About Soumen Sadhukhan 126 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