Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 6th Nov.'15

Nifty                          :    7954.30 (-1.38% )          Sensex                :  26265.20 (-1.47% )

                                                                      

CNX Midcap             :  12995.50 (-1.84% )        BSE Small Cap   :  11052.30 (-2.32% )

Bank Nifty Index      :  17086.50 (-1.54% )        Dollar  V/s  Rupees :       65.27 (-0.68% )

                                   

Gainers Of The Week

(1) United Spirits Ltd :  9.63%  (2) Ramco Cements : 7.66%     (3) TVS Motor Co. : 7.20%

(4) Sobha Developers  : 6.67%   (5) Bharat Forge Ltd : 6.14%  (6) O B C  Ind.  : 6.14%

                   (7) Coal India Ltd  : 6.06%       (8) Container Corporation : 5.91%

                                                       

Losers Of The Week

(1) Central Bank : 17.97%   (2) PMC FinCorp : 17.22%   (3) Kaveri Seed Co. :  16.41%

                                                                                

 (4) I.O. Bank Ltd : 15.37%  (5) Den NetWorks : 14.29%  (6) Dr. Reddy's Lab : 13.87%

               (7) Vedanta Corp Ltd  : 13.66%      (8) Adani Enerprises Ltd : 13.37%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with flattish note and tried to take up move but any up trend was not sustained due to strong selling pressure after Nifty touched at 8116 / 8100 level during this week. Nifty made weekly high at 8116 level but the selling pressure came across the board in all segments  by market participants due to uncertain circumstances for out come of Bihar Assembly Polls ,  particularly big investors like DII and FII were also seller in cash segment during this week. Indian Share market is still trading in bullish trend as long term bullish trend is still intact. Market participants  like FII, who were net seller on first four trading days but they were buyer in Cash Segment on last trading day.  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 still strongly intact. 

CNX Mid caps Index corrected by 1.84% and BSE Small Cap Index corrected by 2.32%, Nifty was also down by 1.38% and Sensex corrected by 1.47% and Bank Nifty was corrected by 1.54% during the week. Indian Rupee seen small correction against US $ by 0.75%

Now, Nifty have  support at 7910 / 7870 level and resistance at 8160 / 8200 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  entered in BEAR Orbit  and it will be confirmed if  the Nifty will able to breach and sustain bellow 7650 level for more than two trading sessions as closing basis.  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.