Market Analysis & Forecast for 3rd November

 

NIFTY ANALYSIS

OPEN:  11,697.35 HIGH: 11,725.65
LOW:  11,557.40 CLOSE: 11,669.15
LOWER RANGE:  11,530 UPPER RANGE: 11,700

NIFTY was almost in the same range as in previous days. Reliance has gone down 8% but NIFTY was not affected by that. Banking stocks stopped the fall. HDFC has gained 6%.

NIFTY FORECAST

NIFTY lowe range is 11,530 and upper range is 11,700. If NIFTY breaks above 11,700 and hold we will see an uptrend, if breaks below 11,530 we will see a downtrend

STOCK ANALYSIS

Stocks to add to the watchlist. 

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
DMART2240225921632205.75-1.52-1.2
RELIANCE1329.251344.71307.551317.85-0.730.68
SYNGENE202720271859.151877.45-8.621.36
MINDTREE535.95536.8522528.95-1.12-0.59

STOCK RECOMMENDATION

The revised entry price of the stocks provided. People can enter DMART again. Reliance a good pick if traded above.

CompanyPriceRecommendation
DMART2110Buy Above this price
MINDTREE1350Buy Above this price
RELIANCE1890Buy Above this price
SYNGENE540Buy Above this price

 

About Soumen Sadhukhan 90 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