Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 30th Oct.'15

Nifty                          :    8065.80 (-2.77% )          Sensex                :  26656.80 (-2.96% )

                                                                      

CNX Midcap             :  13238.65 (-1.41% )        BSE Small Cap   :  11315.40 (-1.77% )

Bank Nifty Index      :  17354.50 (-3.23% )        Dollar  V/s  Rupees :       65.27 (-0.68% )

                                   

Gainers Of The Week

(1) BF Utilities :  15.92%     (2) NIIT Tech.  : 13.01%       (3) KPIT Tech.  : 10.42%

(4) Indian Hotels : 9.78%     (5) Jindal Steels  : 9.22%      (6) Sanfoi Ind.  : 9.09%

                               (7) Godrej Ind. Ltd  : 7.06%       (8) Devi's Labs Ltd  : 6.58%

                                                       

Losers Of The Week

(1) Just Dail Ltd :  21.18%   (2) SREI Infra  : 17.22%            (3) Amara Raja Batt. :  10.96%

                                                                                

 (4) Guj. Papavav  : 10.60%  (5) Kailash Auto Fin. : 10.55% (6) JP Infra : 9.77%

               (7) Welspun Corp Ltd  : 8.49%             (8) Bharat Forge  Ltd : 8.42%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with positive note but the up trend was not sustained due to strong selling pressure after Nifty touched at 8336 level on first trading day of this week.  an Nifty made weekly high at 8336 level but the selling pressure came across the board in all segments  by market participants after rise in last week, particularly big investors like DII and FII were also seller in cash segment during this week. Indian Share market is still trading in strong bullish trend as long term bullish trend is still intact. Market participants  like FII, who were net seller in last few days used the dips to cover their already sold positions to book profit on their short sold positions in this week. Whereas DII are using every sharp dips for buy although DII book some profit in selected shares during this week. Bullish  trend of Nifty and market is very strongly intact. 

CNX Mid caps Index corrected by 1.41% and BSE Small Cap Index corrected by 1.77%, Nifty was also down by 2.77% and Sensex corrected by 2.96% and Bank Nifty was corrected by 3.23% during the week. Indian Rupee seen small correction against US $ by 0.68%

Now, Nifty have  support at 8020 / 7970 level and resistance at 8160 / 8200 level. Market participants should watch these level closely as Nifty will give a sharper move on either side after breaching the same. Its a market of selling at sharp rise and buying at any sharp dips to remain strong with safe profit on the table, So market participants should sell at any sharp rise and should cover the sold positions at any sharp dips to make nice profit in short term. 

Nifty will  entered in BULL Orbit  and it will be confirmed if  the Nifty will able to cross and sustain above 8280 level for more two trading sessions as closing basis.  It will  indicate the further strength in the Indian Share Market. Market traders should buy at any further sharp dips as its a very right time to make your Portfolio for medium to long term.