Market Analysis & Forecast for 6th October

October 6, 2020 Soumen Sadhukhan Markets 1

 

NIFTY ANALYSIS

 OPEN:  11,487.80 HIGH: 11,578.05
LOW:  11,452.30 CLOSE: 11,503.35
LOWER RANGE:  11,410 UPPER RANGE: 11,540

NIFTY opened with a positive note. In intraday corrected and then closed at 11,500.

NIFTY FORECAST

NIFTY upper target range is 11,600. Yesterday it has reached 11,500. The next resistance is 11,600. Once NIFTY reaches this level we may observe some consolidation before moving further.

 

STOCK ANALYSIS

Stocks to add to the watchlist.

CompanyOpenHighLowCloseMon %Gain / LossFri % Gain/ Loss
CIPLA776784.05762.05781.951.16-0.22
TECHM822.55850.95821.85844.42.663.88
AUROPHARMA825848811.5843.2532.78

STOCK RECOMMENDATION

Stocks Recommended if the price breaks above. All the stocks were opened below so entry didn’t come.

 CompanyPriceRecommendation
CIPLA754Buy Above this price
TECHM778Buy 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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