Market Analysis & Forecast for 6th November

 

NIFTY ANALYSIS

 OPEN:  12,062.40 HIGH: 12,131.10
LOW:  12,027.60 CLOSE: 12,120.30
LOWER RANGE:  11,900 UPPER RANGE: 12,150

Taking the global cue Indian market has made a new high. All the sector was green and 48 stocks out of 50 stocks in Nifty 50 were green. Now NIFTY has to hold this 12,000 level to make a further move of 12,400.

NIFTY FORECAST

Indian all indices are green and it is getting stronger. 12,120 is the upper range and 12,200 is stronger resistance. Once break we will see an uptrend. 11,900 is a lower range. Once break we will see a downtrend.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
DMART2202.52325.452202.52270-0.913.7
MINDTREE1353.41371.313461358.251.721.32
RELIANCE1954.951960.9519321956.82.283.39
SYNGENE549552.85540.65470.11-0.23

STOCK RECOMMENDATION

Entry.triggered for all the stocks. DMART, RELIANCE, MINDTREE already has provided positive returns. No new entry price is given today. Follow your exit criteria to book the price.

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

 

About Soumen Sadhukhan 105 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