Market Analysis & Forecast for 21st October

 

NIFTY ANALYSIS

 OPEN:  11,861 HIGH: 11,949.25
LOW:  11,837.25 CLOSE: 11,896.80
LOWER RANGE:  11,800 UPPER RANGE: 11,930

NIFTY took a positive queue in the market and started moving upward. The bull was controlling the market 12:30 PM. After that intraday profit booking started.

NIFTY FORECAST

NIFTY took strong support at 11,840 and started moving upward. There was good positive momentum in the morning session. The upper range is 11,930 and the lower range is 11,800. Once NIFTY breaks 11,930 and hold we will see movement till 12,200

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseTue %Gain / LossMon % Gain/ Loss
DMART2099217020562137.52.065.55
MINDTREE13351449132914185.680.95
RELIANCE217921932152.252155-0.970.02
SYNGENE554.95557.855505550.010.01

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. MINDTREE  buy has triggered.

 CompanyPriceRecommendation
DMART2010Buy Above this price
MINDTREE1350Buy Above this price
RELIANCE2180Buy Above this price
SYNGENE580Buy 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