Market Analysis & Forecast for 30th October

 

NIFTY ANALYSIS

 OPEN:  11,633.30 HIGH: 11,744.15
LOW:  11,606.45 CLOSE: 11,670.80
LOWER RANGE:  11,570 UPPER RANGE: 11,700

NIFTY broke the lower range and had a fall of 0.5%. NIFTY has to get support for recovery.

NIFTY FORECAST

NIFTY broke the lower range and took a rest around 11,650. If NIFTY breaks above 11,700 we will see an uptrend till 11,900 and breaks below 11,570 we will see a downtrend till 11,500

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
DMART22002277.6218522751.552.94
MINDTREE1997204219912029.050.87-1.13
RELIANCE545545532537.85-1.48-3.53
SYNGENE13151339.1512951320-0.55-3.92

STOCK RECOMMENDATION

The revised entry price of the stocks provided. DMART has already made 8% from the first entry point. People could book partial profit.

 CompanyPriceRecommendation
DMART2110Buy Above this price
MINDTREE1350Buy Above this price
RELIANCE2040Buy Above this price
SYNGENE550Buy 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