Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 23rd Oct.'15

Nifty                          :    8295.45 (+0.70% )          Sensex                :  27470.81 (+1.01% )

                                                                      

CNX Midcap             :  13428.20 (+0.71% )        BSE Small Cap   :  11519.30 (+0.47% )

Bank Nifty Index      :  17934.00 (+0.12% )        Dollar  V/s  Rupees :       64.83 (-0.03% )

                                   

Gainers Of The Week

(1) H C C Ltd :  20.17%     (2) I F C I Ltd  : 20.01%       (3) NIIT Tech.  : 16.54%

(4) Escorts  Ltd : 14.70%   (5) Mphasis Ltd  : 12.07%      (6) ABB India  : 10.74%

                (7) Delta Corp Ltd  : 10.59%       (8) Kailash Auto Finance : 11.22%

                                                       

Losers Of The Week

(1) DCB Bank Ltd : 32.37%   (2) Sunrise Asian : 6.29%       (3) Federal Bank  :  11.20%

                                                                                

 (4) Cyient  Ltd : 7.66%          (5) Cairn India  : 6.69%           (6) D L F Ltd : 5.88%

               (7) Unioun Bank Of India  : 5.69%             (8) Gati India  Ltd : 5.46%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with positive note and market further moved in positive territory after some consolidation . Value buying and Short covering was seen from lower level around 8239 / 8217  and selective strong  buying interest was also seen after Nifty touched  lower levels ie, below 8217 level . Nifty made weekly high at 8328 level as buying interest was seen  by market participants after sharp dips in last few weeks, 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. 

CNX Mid caps Index moved up  by 0.71% and BSE Small Cap Index moved by 0.47%, Nifty was also raised by 0.70% and Sensex recovered by 1.01% and Bank Nifty was moved up marginally  by 0.12% during the week. Indian Rupee seen small correction against US $ by 0.03%

Now, Nifty have  support at 8250 / 8220 level and resistance at 8340 / 8370 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 had  entered in BULL Orbit  and it will be confirmed if  the Nifty will able to sustain above 8280 level for more two trading sessions as closing basis.  It will  indicate the further strength 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.