Market Analysis & Forecast for 13th November

 

NIFTY ANALYSIS

OPEN:  12,702.15 HIGH: 12,741.15
LOW:  12,624.85 CLOSE: 12,690.80
LOWER RANGE:  12,600 UPPER RANGE: 12,740

NIFTY started correcting and profit booking of multiple stocks started. Large Cap has provided a good handsome return. 

NIFTY FORECAST

NIFTY correction and reconciliation started. This is not a downtrend but a consolidation. NIFTY lower range is 12,600. Once break 12,400 is support.

STOCK ANALYSIS

Stocks to add to the watchlist. 

CompanyOpenHighLowCloseWed %Gain / LossTue % Gain/ Loss
HDFC2297.252343.82267.452326.050.082.3
ICICIBANK481.6483.55471.35476.55-2.060.56
MINDTREE1334.81353.913251340.350.81.35
SYNGENE544549.9538547.11.06-0.63

STOCK RECOMMENDATION

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

CompanyPriceRecommendation
HDFC2330Buy Above this price
ICICIBANK500Buy Above this price
MINDTREE1340Buy 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