NIFTY ANALYSIS
OPEN: 14,888.60 | HIGH: 14,919.45 | |
LOW: 14,467.75 | CLOSE: 14,529.15 | |
LOWER RANGE: 14,480 | UPPER RANGE: 15,580 |
Sensex sees the worst daily fall since May 2020. Tanks 1939 points. Nifty down by 568 points, almost 3.76%. India VIX up. Volatility increasing. US stocks saw a sell-off due to an increase in Bond yield. That has resulted in the Indian market to go down.
NIFTY FORECAST
FII was a net seller, sold around 8295 Cr. DII bought around 1499 Cr. Lowe range is 14,480 and the upper range is 15,580. If Nifty breaks 14,480, we will see support at 14,360. Nifty will recover but overall very volatile. Strategy fundamentally good stocks buy on dip.
STOCK RECOMMENDATION
Company | Price | Recommendation |
ONGC | 120 | Buy above this price |
M&M | 820 | 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