Analysis Of Market This Week

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 28th Aug'15

Nifty                          :  8001.95 (-3.71% )        Sensex                  :  26392.38 (-3.72% )

                                                                      

CNX Midcap             : 13134.30 (-5.01% )        BSE Small Cap   : 10992.82 (-5.53% )

Bank Nifty Index      : 17211.95 (-5.06% )       Dollar  V/s  Rupees :      66.14 (-0.47% )

                                   

Gainers Of The Week

(1) Videocon Ind. : 19.30%     (2) IB Real Estate : 12.40%    (3) Delta Corp : 10.89%

(4) NMDC Ltd : 7.18%            (5) Escorts Ltd : 4.69%            (6) Piramal Entp. : 2.82%

               (7) eClerx Services Ltd  : 2.35%          (8) JSW Energy Limited : 2.24%

                                                       

Losers Of The Week

(1) PMC Fin Corp : 21.45%         (2) Wockhardt Ltd : 20.02%   (3) Kailash Auto : 25.81%

                                                                                

 (4) Central Bank  : 22.65%     (5) HDIL Ltd : 18.60%         (6) Century Textiles : 18.43%

                   (7) Oriental Bank Of Com.  : 17.99%     (8) Balrampur Chini Ltd : 17.15%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with weak trends due to negative news inflow from the Chinese economy. Strong selling pressure was seen from higher level around 8300 and buying interest was seen after Nifty touched  lower levels at 7667.  Nifty shown some consolidation with up wards move after Nifty touched weekly lower level at 7667 on 25th Aug. with Inttra Day volatility in this week. Nifty made weekly high at 8091 level as buying interest was seen  by market participants after sharp dips, 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 used this rise to book strong profit 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. Selling pressure  was seen particularly by FII  at any rise in selected large caps, mid caps and small caps shares at higher around 8300 level,

CNX Mid caps Index down by 5.01% and BSE Small Cap Index down by 5.53%, Nifty was also corrected by 3.71% and Sensex corrected by 3.72% and Bank Nifty was corrected by 5.06% during the week. Indian Rupee seen correction against US $ by 0.47%.

Now, Nifty have  support at 7950 / 8860 level and resistance at 8150 / 8190 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 BEAR Orbit after the Nifty will breach and sustains below 7600 level , It will  indicate the further weakness 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.