Market Analysis & Forecast for 5th November

 

NIFTY ANALYSIS

 OPEN:  11,783.33 HIGH: 11,929.65
LOW:  11,756.40 CLOSE: 11,908.50
LOWER RANGE:  11,725 UPPER RANGE: 11,940

NIFTY opened up on a positive note. It has gained the second consecutive day. This gain is lead by multiple stocks.

NIFTY FORECAST

NIFTY has recovered full and traded above 10,850. If this level is held then we will see an uptrend till 12,200. The nifty upper range is 11,940 and the lower range is 11,725.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseTue %Gain / LossMon % Gain/ Loss
DMART2210.0523002210.052287.453.550.15
MINDTREE13291372.81316.051335.251.320
RELIANCE1837192918371913.23.39-1.44
SYNGENE547.9550.95533.5546-0.33.54

STOCK RECOMMENDATION

Entry.triggered for all the stocks. DMART, RELIANCE, MINDTREE already has provided positive returns. Follow your exit criteria.

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

 

About Soumen Sadhukhan 92 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