Market Analysis & Forecast for 4th November

 

NIFTY ANALYSIS

 OPEN:  11,734.45 HIGH: 11,836.20
LOW:  11,723.30 CLOSE: 11,813.50
LOWER RANGE:  11,690 UPPER RANGE: 11,850

NIFTY has recovered the fall and had a positive movement. It has broken the upper range. All the stocks are in good momentum. Nifty has gained over 1.24%

NIFTY FORECAST

NIFTY has a range shift and the lower range shifted to 11,690 and the upper range shifted to 11,850.If NIFTY holds above 11,800 then we will see an uptrend. Lowe range is 11,690

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseTue %Gain / LossMon % Gain/ Loss
DMART2203.82245218022060.01-1.52
MINDTREE1324.8513451305.051317.90-0.73
RELIANCE189019091835.11854.5-1.22-8.62
SYNGENE533.5549.4532549.13.81-1.12

STOCK RECOMMENDATION

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

 CompanyPriceRecommendation
DMART2200Buy Above this price
MINDTREE1330Buy Above this price
RELIANCE1860Buy Above this price
SYNGENE540Buy 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