Analysis Of Market This Week

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 21st Aug'15

Nifty                          :  8299.95 (-2.57% )        Sensex                  :  27366.07 (-2.50% )

                                                                      

CNX Midcap             : 13749.15 (-1.21% )        BSE Small Cap   : 11610.44 (-1.33% )

Bank Nifty Index      :  18057.20 (-3.56% )       Dollar  V/s  Rupees :     65.83 (-1.28% )

                                   

Gainers Of The Week

(1) SREI Infra: 24.94%          (2) Tata Elxsi : 20.87%               (3) Delta Corp : 20.17%

(4) Ceat Ltd  : 16.69%            (5) Glenmark Pharma : 15.77%   (6) Jubilant Life : 15.13%

                            (7) Amara Raja Batteries  : 14.76%          (8) JK Tyres Limited : 13.68%

                                                       

Losers Of The Week

(1) Amtek Auto : 55.32%         (2) Kaveri Seed Co. : 25.76%   (3) Kailash Auto : 25.79%

                                                                                

 (4) Central Bank  : 21.75%     (5) Punj Lloyd  : 14.03%         (6) DEN Networks : 11.48%

                   (7) Gujarat Pipavav Port   : 11.04%                 (8) Sunrise Asian Ltd  : 10.88%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty traded  with profit booking from higher levels in this week. Strong selling pressure was seen from higher level at 8530 and buying interest was seen from lower levels at 8225.  Nifty shown some consolidation with up wards move after Nifty touched weekly lower level at 8225 on 21st Aug. with Inttra Day volatility in this week. Nifty made weekly high at 8530 level as buying interest was seen after sharp dip by market participants particularly big investors like DII  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 buyer in last few days take this rise to book strong profit in this week. Whereas   DII are using every sharp dips for buy  although DII book some profit during this week. Bullish  trend of Nifty and market is very strongly intact. Selling pressure  was seen particularly by FII  at any rise in selected large caps, mid caps and small caps shares at higher above 8500 / 8520 level,

CNX Mid caps Index down by 1.21% and BSE Small Cap Index down by 1.33%, Nifty was also corrected by 2.57% and Sensex corrected by 2.50% and Bank Nifty was corrected by 3.56% during the week. Indian Rupee seen correction against US $ by 1.28%.

Now, Nifty have  support at 8170 / 8140 level and resistance at 8430 / 8460 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 again enter in NEW BULL Orbit after the Nifty will crossed and sustained above 8650 level , It will  indicate the further strong up trend of 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.