Market Analysis & Forecast for 12th October

 

NIFTY ANALYSIS

OPEN:  11,852.05 HIGH: 11,938.60
LOW:  11,805.20 CLOSE: 11,914.20
LOWER RANGE:  11,750 UPPER RANGE: 11,950

NIFTY reclaims 11,900 level and closed above that. NIFTY consolidation is pending.

NIFTY FORECAST

NIFTY broken 11,900 and closed above 11,900. It has reclaimed its 7 months old price. We can see a couple for consolidation before NIFTY reach 12,500. The NIFTY lower range is 11,750 and the upper range is 11,950.

STOCK ANALYSIS

Stocks to add to the watchlist. 

CompanyOpenHighLowCloseFri %Gain / LossThu % Gain/ Loss
DABUR524.6524.6516519.1-0.57-0.38
JSWSTEEL293.15298.35291.05292-0.320.51
AUROPHARMA840.95851.4828.6834.55-0.381.77

STOCK RECOMMENDATION

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

CompanyPriceRecommendation
DABUR528Buy Above this price
AUROPHARMA842Buy 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