Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 1st Oct.'15

Nifty                          :   7850.90 (+1.11% )          Sensex                 :  26220.95 (+1.42% )

                                                                      

CNX Midcap             :  12998.70 (+2.12% )        BSE Small Cap   :  11042.60 (+1.01% )

Bank Nifty Index      :  17150.20 (-0.21% )        Dollar  V/s  Rupees :       65.51 (+0.97% )

                                   

Gainers Of The Week

(1) IDBI Bank  : 18.68%        (2) Rajesh Exports : 28.91%    (3) H D I L   : 16.16%

(4) Wockhardt Ltd : 13.84%  (5) IB Hous. Fin.  : 13.35%      (6) Lupin Ltd  : 12.77%

                        (7) Raymond Ltd  : 11.55%          (8) JP Power Venture  : 12.50%

                                                       

Losers Of The Week

(1) PMC Fin Corp : 9.40%     (2) Sunrise Asian : 15.97%    (3) Kailash Auto : 9.50%

                                                                                

 (4) Vedanta Ltd  : 9.53%       (5) HCL Tech  : 8.92%           (6) Hathway Cable : 8.03%

                           (7) N M D C  Ltd  : 7.83%                 (8) Bosch Limited : 7.62%

             

                                              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 ) but a positive sentiment started to build up after RBI Governor announced the 50 Basis Points cut in REPO rates on 29th Sept.'15 . Consolidation and Short covering was seen from lower level around 7787 and selective strong  buying interest was also seen after Nifty touched  lower levels at 7691 . Nifty made weekly high at 8008 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 and Pharma sector shares .

CNX Mid caps Index moved up  by 2.12% and BSE Small Cap Index moved by 1.01%, Nifty was also raised by 1.11% and Sensex recovered by 1.42% and Bank Nifty was corrected  by 0.21% during the week. Indian Rupee seen recovered against US $ by 0.97%

Now, Nifty have  support at 7870 / 7820 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.