Market Analysis & Forecast for 7th July

July 6, 2020 Soumen Sadhukhan Markets 0

 

NIFTY ANALYSIS

 OPEN:  10723 HIGH: 10811.4
LOW:  10695.1 CLOSE: 10770
LOWER RANGE:  10,600 UPPER RANGE: 10,800

 NIFTY broken upper resistance of 10,700. As forecast done yesterday NIFTY has gained 1.53%. Now if NIFTY stays above for 3 days then upward move will continue.

NIFTY FORECAST

NIFTY is in uptrend. If NIFTY breaks above 10,800 there is a buy opportunity. If nifty sustains above 10700 then we will see more uptrend. NIFTY may retest 10,600 before it breaks 10,800. Breaking down 10,600 NIFTY will test 10,200.

STOCK ANALYSIS

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
TECHM574.95588573.05580.72.381.13
TITAN10071019.8995.651012.950.941.73

Tech Mahindra and Titan is getting momentum. Last 2 day’s it has positive return. Stocks can be picked up as per below recommended price

STOCK RECOMMENDATION

 Below stocks are recommended to invest on Tuesday

 CompanyPriceRecommendation
TECHM590Buy Above this price
TITAN1021Buy Above this price

 

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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