Market Analysis & Forecast for 28th January

January 28, 2021 Soumen Sadhukhan Markets 0

 

NIFTY ANALYSIS

OPEN:  14,237.95 HIGH: 14,237.95
LOW:  13,929.30 CLOSE: 13,967.50
LOWER RANGE:  13,400 UPPER RANGE: 14,300

NIFTY has broken its support and there is a continuous downfall. FII are selling, and DII are also selling. When NIFTY was 11,800 then DII started selling but FII started buying. So the market took a turn around. Now until DII buying market can’t recover. At this stage, the retail investor has to buy. During the last 3 trading sessions, the retail investor has made a notional loss in their portfolio. Some of them booked partial profit. The budget is ahead. So overall volatility has increased. The company posting good quarterly results still the market is not able to hold. Now the retail investor has to wait for the support and then re-enter the market.

STOCK ANALYSIS

There will be no suggestion to buy until the budget is over. Based on the budget we will provide a new recommendation.

 

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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