Market Analysis & Forecast for 9th November

November 9, 2020 Soumen Sadhukhan Markets 0

 

NIFTY ANALYSIS

 OPEN:  12,156.65 HIGH: 12,280.40
LOW:  12,131.85 CLOSE: 12,263.55
LOWER RANGE:  12,050 UPPER RANGE: 12,300

NIFTY has made its highest high, taking a positive clue from the US election. But now it is strong resistance at 12,500.

NIFTY FORECAST

Taking a positive clue from the US election NFTY has again made its new high. NIFTY strong resistance is 12,500. We will see testing 12,500. After that some consolidation. Another 200 – 300 points left to test its 1 year high.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
DMART2281.952303.252243.452294.60.55-0.39
MINDTREE1357.913641338.451356.7-0.091.7
RELIANCE199020401978.152029.153.792.18
SYNGENE550550535.05538.45-1.780.33

STOCK RECOMMENDATION

RELIANCE has made further gain and DMART is continuously on an uptrend.

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

 

About Soumen Sadhukhan 126 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

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