Weekly Stock Market Analysis: 29 Jun- 03 Jul

July 4, 2020 Soumen Sadhukhan Markets 27

 

NIFTY WEEKLY ANALYSIS
OPEN:  10615 HIGH: 10631.3
LOW:  10562.6 CLOSE: 10607.4
FRIDAY GAIN/LOSS: 0.53% THURSDAY GAIN/LOSS 1.17%
WEDNESDAY GAIN/LOSS 1.24% NIFTY LOT SIZE: 75

NIFTY continuously moving up for the last 3 days. Now if NIFTY sustains above 10700, we will see more positive moves, but if NIFTY breaks below 10500 we will see a down fall. Stocks which have a strong relation with the NIFTY index have provided good returns this week.

NIFTY may retest 10500 Level. We will observe some consolidation around 10500 and 10700

NIFTY is trading above 20 days and 50 days moving average.

NIFTY CHART
STOCK ANALYSIS
CompanyOpenHighLowCloseFri % Gain/LossThurs % Gain/LossWed % Gain/Loss
HDFC1905.5519081867.31885.2-0.222.964.59
HEROMOTOCO268027502677.62738.252.54.870.02
ITC208208.5206207.550.831.454.24
RELIANCE1779.8179317681787.91.571.311.97
TCS2163.6522052160.252199.651.973.110.48

In last 3 days HDFC, Hero Motor, ITC, Reliance and TCS have provided positive returns.

There are buying opportunities left on these stocks.

 

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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