Analysis Of Market This Week

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 18th Sept.'15

Nifty                          :  7981.90 (+2.04% )        Sensex                  :  26218.91 (+2.03% )

                                                                      

CNX Midcap             : 12757.15 (+0.43% )        BSE Small Cap   :  10804.06 (+1.02% )

Bank Nifty Index      : 17409.15 (+5.09% )       Dollar  V/s  Rupees :        65.67 (+1.52% )

                                   

Gainers Of The Week

(1) Amtek Auto Ltd : 76.97%     (2) Welspun Corp : 19.49%   (3) Oberoi Realty : 16.56%

(4) Fotis Healthcare : 14.96%    (5) Shree Cement : 14.34%    (6) Rel. Com. : 19.19%

                              (7) Atul Auto Ltd  : 14.34%          (8) Just Dial Ltd  : 14.31%

                                                       

Losers Of The Week

(1) PMC Fin Corp : 20.86%     (2) Sunrise Asian : 29.98%    (3) Kailash Auto : 11.86%

                                                                                

 (4) SKS Micro Fin. : 13.23%   (5) Rajesh Exports  : 12.11%  (6) Emami Ltd : 11.13%

                             (7) Bharat Fotge Ltd  : 9.70%     (8) Torrent Pharma Ltd : 8.92%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with  positive note and was able to sustain at higher level due to not received any further negative news flow from Chinese Economy . Consolidation and Short covering was seen at lower level around 7761 and selective  buying interest was also seen after Nifty touched  lower levels at 7799 / 7761 . Nifty shown some consolidation with  slightly up wards move after Nifty touched weekly lower level at 7761 on 11th Sept'15 with Inttra Day volatility in this week. Nifty made weekly high at 8055 level as buying interest was seen  by market participants after sharp dips, particularly big investors like DII and FII were also buyer in cash segment on Friday ( 18th Sept'15 ) 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 nett 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. Strong buying / Short covering was seen particularly by FII  at any dips ( after USA Fed kept Interest Rates unchanged )  in selected large caps, mid caps and small caps shares at dips around 7970 / 7960 level .

CNX Mid caps Index moved up by 0.43% and BSE Small Cap Index moved up by 1.02%, Nifty was also recovered by 2.04% and Sensex recovered by 2.03% and Bank Nifty was recovered very sharply and touched Inttra day high at 17601 before final closing at Friday which is the highest Level of last 1 Month. Bank Nifty moved up by 5.09% during the week. Indian Rupee seen recovery against US $ by 1.52%

Now, Nifty have  support at 7940 / 7910 level and resistance at 8095 / 8160 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.