Market Analysis & Forecast for 16th October



 OPEN:  12,023.45 HIGH: 12,025.45
LOW:  11,661.30 CLOSE: 11,680.35
LOWER RANGE:  11,620 UPPER RANGE: 11,740

NIFTY has fallen almost 300 points. Single-day fall of 300 points we can trend reversal instead of consolidation. The actual reason can clarify is this a crash. Today’s opening and movement will clarify this.


NIFTY suddenly started falling after 12 PM, this is mainly because of the expiry day and Loan waiver decision by the supreme court. If we Market has a gap up opening and later don’t break yesterday low we will consider this is an Index correction. Today’s lower range is 11,620 and the upper range is 11,740.


Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss


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

DABUR525Buy Above this price
AUROPHARMA802Buy 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