Market Analysis & Forecast for 22nd October

 

NIFTY ANALYSIS

 OPEN:  11,958.55 HIGH: 12,018.65
LOW:  11,775.75 CLOSE: 11,937.65
LOWER RANGE:  11,740 UPPER RANGE: 11,960

NIFTY took a positive queue in the market and started moving upward. The market falls around 250 points because of selling and profit booking of reliance and TCS. Then recovered with marginal gain. HDFC and HDFC bank has to lead the recovery

NIFTY FORECAST

NIFTY after fall of 250 points recovered with marginal gain. The range gap has been widened now. The lower range is 11,740 and the upper range is 11,960

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
DMART2143.0521702061.052092.85-2.342.33
MINDTREE14251467.751337.31357-4.866.31
RELIANCE216821922097.752122.65-1.54-0.93
SYNGENE555566.8550551.35-0.64-0.01

STOCK RECOMMENDATION

The revised entry price of the stocks provided.

 CompanyPriceRecommendation
DMART2110Buy Above this price
MINDTREE1380Buy Above this price
RELIANCE2150Buy Above this price
SYNGENE570Buy Above this price

 

About Soumen Sadhukhan 88 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