Market Analysis & Forecast for 27th October

 

NIFTY ANALYSIS

 OPEN:  11,937.40 HIGH: 11,942.85
LOW:  11,711.70 CLOSE: 11,767.67
LOWER RANGE:  11,680 UPPER RANGE: 11,800

NIFTY opened with Gap up but immediately it started to fall. Reliance and HDFC have dragged NIFTY down 1.36%. 

NIFTY FORECAST

NIFTY could not stay above 11,900 and HDFC, Reliance dragged NIFTY. Now the lower range is 11,680. If breaks below it have support at 11,550 and if breaks above 11,800 we will see resistance at 11,900

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
DMART212021502100.352138.91.060.77
MINDTREE1395.151429.913801381-0.880.36
RELIANCE2101.952101.952018.52034.9-3.70.29
SYNGENE549.9568.75546.4562.95.31-0.34

STOCK RECOMMENDATION

The revised entry price of the stocks provided.

 CompanyPriceRecommendation
DMART2110Buy Above this price
MINDTREE1380Buy Above this price
RELIANCE2060Buy Above this price
SYNGENE560Buy Above this price

 

About Soumen Sadhukhan 104 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