Analysis Of Market This Week

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 24th Sept.'15

Nifty                          :  7868.50 (-1.04% )        Sensex                   :  25863.50 (-1.42% )

                                                                      

CNX Midcap             : 12760.65 (-2.63% )        BSE Small Cap   :  10942.14 (-0.42% )

Bank Nifty Index      : 17196.70 (-0.11% )       Dollar  V/s  Rupees :        66.15 (-0.73% )

                                   

Gainers Of The Week

(1) IDBI Bank  : 30.22%        (2) JP Associates : 26.66%    (3) Polaris Consulting : 20.42%

(4) Shipping Corp.  : 20.34%  (5) S. I. Bank : 17.21%          (6) Vakrangree : 16.96%

                        (7) Torrent Power Ltd  : 16.14%          (8) JP Power Venture  : 14.38%

                                                       

Losers Of The Week

(1) PMC Fin Corp : 24.11%     (2) Sunrise Asian : 29.98%    (3) Kailash Auto : 10.65%

                                                                                

 (4) SKS Micro Fin. : 14.28%   (5) Amtek Auto Ltd : 14.16%  (6) Emami Ltd : 10.59%

                           (7) McLeod Ltd  : 10.34%                 (8) Adani Ports and SEZ : 9.14%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with volatile mode and seen strong trades on both side ( Buying / Selling ) as confusing news flow received  from Chinese Economy . Consolidation and Short covering was seen at lower level around 7787 and selective  buying interest was also seen after Nifty touched  lower levels at 7723 . Nifty shown some consolidation with  slightly up wards move after Nifty touched weekly lower level at 7723 on 23th Sept'15 with Intraday volatility in this week. Nifty made weekly high at 8021 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 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 net 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 particularly in  IT sector.

CNX Mid caps Index corrected  by 2.63% and BSE Small Cap Index corrected by 0.42%, Nifty was also corrected by 1.04% and Sensex recovered by 1.42% and Bank Nifty was corrected  by 0.11% during the week. Indian Rupee seen correction against US $ by 0.73%

Now, Nifty have  support at 7790 / 7730 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.