Analysis Of Market This Week : Indian Share Market

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

Nifty                          :    7761.95 (+2.01% )                Sensex                :  25519.22 (+1.92% )

                                                                      

CNX Midcap            :  13177.90 (+2.90% )              BSE Small Cap   :  11531.90 (+3.02% )

Bank Nifty Index      :  16594.30 (+1.54% )            Dollar  V/s  Rupees :    66.40 (+0.72% )

                                   

Gainers Of The Week

(1) Pipavav Defence :  20.29%        (2) B E M L Ltd  : 20.18%    (3) Tata Elxsi Ltd : 18.78%

(4) Shipping Corpn.  : 16.85%       (5) Gati Limited  : 15.67%    (6) Tata Steel Ltd  : 12.56%

                   (7) TV18 Broadcast Ltd : 20.14%       (8) India Cement Ltd  : 11.70%

                                                       

Losers Of The Week

(1) eClerx Services : 18.90%       (2) PMC FinCorp : 10.14%   (3) Indian Bank : 8.62%

                                                                                

 (4) P N B Ltd  : 6.44%                 (5)Strides Shasun  : 5.46%    (6) SKF India : 5.17%

                             (7) United Bank Of India : 12.56%      (8) India Cement Ltd : 11.70%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with steady note but the Uptrend was not sustained due to strong selling pressure particularly by FII as an uncertainty was looming regarding outcome of FED meeting which was scheduled on 15th and 16th Dec'2015. Strong profit booking was noticed after nifty touched 7825 level on the first trading session of this week. Nifty made weekly high at 7663 level on the 1st trading session and due to big investors FII were seller in cash segment during this week, although big investors like FII bought in cash segment after getting clearity by FED which raised Interest Rates by 25 Basis Points ( 0.25% ) . This is the first Interest rate hike by FED after June 2006. Indian Share market traded weak before the FED's meeting which compelled Nifty to touched its lower level at 7551 which is the lowest level after 11th Aug'2014. although long term bullish trend is still intact. Market participant 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 raised by 2.90% and BSE Small Cap Index moved up by 3.02%, Nifty was also raised by 2.01% , Sensex raised by 1.92% and Bank Nifty was moved up by 1.54% during the week. Indian Rupee slightly raised against US $ by 0.72%

Now, Nifty have  support at 7730 / 7690 level and resistance at 7860 / 7890 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 bounced from the low of 7551 Level which is the lowest level after 11th Aug'2014. It means that Nifty will enter in BEAR Orbit for SHORT TERM if the Nifty again able to breach and sustain bellow 7550 level as closing basis at least for 2 trading sessions.  It will indicate the further weakness in the Indian Share Market . Each and every Market trader / investor should buy at any further sharp dips (strictly considering the lower level of 7550 for Nifty) as its a very right time to make your Portfolio for medium to long term.