NIFTY ANALYSIS
OPEN: 15,074.80 | HIGH: 15,144.05 | |
LOW: 14,898.20 | CLOSE: 14,981.75 | |
LOWER RANGE: 15,025 | UPPER RANGE: 15,125 |
DII continued to sell, due to profit booking last week Nifty has fallen almost 400-500 point. There is no major movement this week. Nifty may consolidate. Reliance is very strong, otherwise the market would have fallen more.
NIFTY FORECAST
Nifty upper range is 15,125 and lower range is 15,025. There is put writing at 14,800 and call writing at 15,250. Nifty expiry will be between this. If 15,025 broken we can observe a fall till 14,800.
STOCK RECOMMENDATION
Company | Price | Recommendation |
ASIAN PAINT | 2400 | Buy above this price |
HDFC BANK | 1550 | Buy above this price |
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