Market Analysis & Forecast for 19th October

 

NIFTY ANALYSIS

 OPEN:  11,727.40 HIGH: 11,789.75
LOW:  11,667.85 CLOSE: 11,762.45
LOWER RANGE:  11,630 UPPER RANGE: 11,820

NIFTY has recovered on Friday after a fall of 300 points. This fall was mainly due to profit booking. Now multiple stocks have reached its 52 weeks high. Once the stock corrected new cycle will start. NIFTY next target is 12,200

NIFTY FORECAST

NIFTY has started recovering. Monday’s range is very important for the direction of the market. If NIFTY breaks below 11,630 we will see downside till 10,600 and if breaks above 11,820 we will see upside till 12,200

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
DMART1980199919701984.20.330.16
MINDTREE1424.81443.71262.31329.15-6.72-8.19
RELIANCE22152232.52172.652175.8-1.39-3.54
SYNGENE558.95559.45550.95554.90.140.32

STOCK RECOMMENDATION

Before closing of the market if the price is above below recommendation price you can buy the stocks for a target of 10%. Entry price will vary every day. Please check the report for any change in the entry price.

 CompanyPriceRecommendation
DMART2010Buy Above this price
MINDTREE1350Buy Above this price
RELIANCE2210Buy Above this price
SYNGENE580Buy Above this price

 

About Soumen Sadhukhan 89 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