Analysis Of Market This week

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 4th Sept.'15

Nifty                          :  7655.05 (-4.32% )        Sensex                  :  25201.90 (-4.51% )

                                                                      

CNX Midcap             : 12591.80 (-4.13% )        BSE Small Cap   : 10605.24 (-3.52% )

Bank Nifty Index      : 16129.10 (-6.29% )       Dollar  V/s  Rupees :      66.44 (-0.45% )

                                   

Gainers Of The Week

(1) Sun TV Network : 18.89%     (2) Essar Oil Ltd : 18.70%   (3) Cairn India : 13.03%

(4) Balrampur Chini  : 12.94%    (5) Escorts Ltd : 12.75%       (6) Rel. Com. : 12.26%

               (7) Central Bank Ltd  : 9.83%          (8) Reliance Capital Ltd  : 9.46%

                                                       

Losers Of The Week

(1) PMC Fin Corp : 43.01%    (2) Amtek Auto Ltd : 34.70%    (3) Kailash Auto : 20.01%

                                                                                

 (4) NCC Limited  : 18.73%    (5) Glenmark Pharma : 14.17% (6) Bharat Heavy : 13.97%

                   (7) Fortis Healthcare Ltd  : 12.82%     (8) Amara Raja Batteries : 10.38%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with  positive note but unable to sustain at higher level due to negative news inflow from the Chinese economy and market awaiting for US Job data . Strong selling pressure was seen from higher level around 8043 and selective  buying interest was seen after Nifty touched  lower levels at 7626.  Nifty shown some consolidation with  slightly up wards move after Nifty touched weekly lower level at 7626 on 4th Sept'15 with Inttra Day volatility in this week. Nifty made weekly high at 8043 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 8000 level,

CNX Mid caps Index down by 4.13% and BSE Small Cap Index down by 3.52%, Nifty was also corrected by 4.32% and Sensex corrected by 4.51% and Bank Nifty was corrected by 6.29% during the week. Indian Rupee seen correction against US $ by 0.45%.

Now, Nifty have  support at 7600 / 7530 level and resistance at 7750 / 7810 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.