Market Analysis & Forecast for 10th November

 

NIFTY ANALYSIS

 OPEN:  12,399.4 HIGH: 12,474
LOW:  12,367.4 CLOSE: 12,469.2
LOWER RANGE:  12,300 UPPER RANGE: 12,500

NIFTY has made again new high and this is for a positive global economy. This is the last uptrend. Now the consolidation and profit-booking will start.

NIFTY FORECAST

NIFTY has made a new high and it may continue till 12,600 before it starts consolidation. Consolidation will happen between 12,600 and 12,300. We will see profit booking for multiple stocks.

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseMon%Gain / LossFri % Gain/ Loss
DMART2306.0523352283.0523150.890.55
MINDTREE137514001355.41368.050.84-0.09
RELIANCE2062.12069203620511.083.79
SYNGENE545.3549.95531.1540.250.33-1.78

STOCK RECOMMENDATION

You can start booking the profit from the stocks. After consolidation and correction, we will get a new entry.

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

 

About Soumen Sadhukhan 109 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