Analysis Of Market Today

Hi Folks, Here's the Analysis of  Indian Share Market  Today 25th Aug.'15

Nifty                          :  7880.70 (+0.92% )        Sensex                  :  26032.38 (+1.13% )

                                                                      

CNX Midcap             :  12790.90 (+1.98% )       BSE Small Cap  :   10694.67 (+1.01% )

Bank Nifty Index      : 17192.75 (+2.27% )

Indian Share Market started with  gap down opening and traded in negative range in first half  the day . Nifty and Market faced strong selling pressure . Buying interest was seen after Nifty touch low at 7667 level. Nifty touched Inttra  Day High at 7925 level and Low at 7667 level. Nifty and market seen selective strong selling pressure across the board and the selling was also extended to broader market but Strong buying was seen in Front line, Mid Cap and Small Cap shares in the second half  of the trading session. It was a day of selling / profit booking from higher levels and buying from lower level.

 Banking Shares were also on buyers radar after strong correction since 4 /5 days. selective buying was seen at any dips throughout the day including shares of Private and Public Sector. Bank Nifty moved up by 2.27%  due to selective buying interest in bank's shares.

Now, Nifty have support at 7720 / 7650 level and may face resistance at 8010  / 8050 level. Market participants should watch these levels carefully as the Nifty will give strong move on either side after breaking / breaching these levels.