Market Analysis & Forecast for 23rd October

October 23, 2020 Soumen Sadhukhan Markets 0

 

NIFTY ANALYSIS

 OPEN:  11,890 HIGH: 11,939.55
LOW:  11,823.45 CLOSE: 11,896.45
LOWER RANGE:  11,790 UPPER RANGE: 11,930

NIFTY was almost flat and sideways. Pharma stocks have a negative impact on the Index.

NIFTY FORECAST

NIFTY was almost flat. This may continue sometime before it breaks. Lowe range is 11,790 and upper range is 11,930. Once it breaks 11,930 we will see the next resistance at 12,200

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
DMART20812129.92062.921171.71-2.88
MINDTREE1360141913601378.91.84-5.07
RELIANCE2127.42132.520912111.9-0.6-1.45
SYNGENE553553514.3532.1-3.64-0.49

STOCK RECOMMENDATION

The revised entry price of the stocks provided.

 CompanyPriceRecommendation
DMART2110Buy Above this price
MINDTREE1380Buy Above this price
RELIANCE2130Buy Above this price
SYNGENE560Buy 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

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