Market Analysis & Forecast for 31st July

 

NIFTY ANALYSIS

 OPEN:  11,254.3 HIGH: 11,300
LOW:  11,085 CLOSE: 11,094
LOWER RANGE:  11,000 UPPER RANGE: 11,300

NIFTY could not cross the upper range 11,350. NIFTY could not break the lower range. But there is a range shift that happened. Lower range shifted from 11,100 to 11,000, indicating consolidation.

NIFTY FORECAST

NIFTY was consolidating around 10,200. As mentioned yesterday NIFTY is within its range and consolidation. Now NIFTY will take direction and give a breakout.

STOCK ANALYSIS

Stocks to add in the watchlist

CompanyOpenHighLowCloseThu %Gain / LossWed % Gain/ Loss
BHARTIARTL576580.45543.05550.3-2.810.28
CIPLA681.2698.95681.2686.70.82.81
HINDUNILVR2231.32238.052190.12194-1.67-0.5
NESTLEIND167401677216451.116540-0.35-2.91
TCS2285.923582272.2522810.22-1.46

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above.

 CompanyPriceRecommendation
BHARTIARTL575Buy Above this price
TCS2360Buy 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