Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 11th Dec.'15

Nifty                          :    7610.45 (-2.20% )          Sensex                :  25044.43 (-2.32% )

                                                                      

CNX Midcap            :  12807.60 (-2.90% )        BSE Small Cap   :  11213.18 (-2.98% )

Bank Nifty Index      :  16342.50 (-3.28% )       Dollar  V/s  Rupees :    66.88 (-0.27% )

                                   

Gainers Of The Week

(1) Havells India :  6.52%        (2) Thermax Ltd  : 4.10%    (3) Gitanjali Gems : 4.57%

(4) Bhushan Steel : 11.28%     (5) Indian Hotels : 4.61%    (6) Natco Pharma : 4.05%

                   (7) TV18 Broadcast Ltd : 5.04%       (8) Fortis Healthcare : 5.51%

                                                       

Losers Of The Week

(1) I D F C Ltd : 16.09%           (2) PMC FinCorp : 18.42%   (3) JP Associates : 15.97%

                                                                                

 (4) Union Bank : 12.76%        (5) GMR Infra : 12.46%       (6) Adani Power : 12.38%

                             (7) JSW Energy  Ltd : 12.09%      (8) Kaveri Seed Co. : 11.95%

             

                                              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., strong profit booking was noticed after nifty touched 7825 level on the first trading session of this week. Nifty made weekly high at 7825 level on the 1st trading session and the Nifty closed with negative note due to big investors FII were seller in cash segment during this week. Indian Share market is trading with weak trend as Nifty touched its lower level at 7575 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 corrected by 2.90% and BSE Small Cap Index moved up by 2.98%, Nifty was also corrected by 2.20% , Sensex corrected by 2.32% and Bank Nifty was corrected by 3.28% during the week. Indian Rupee slightly corrected against US $ by 0.27%

Now, Nifty have  support at 7540 / 7510 level and resistance at 7690 / 7730 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 BEAR Orbit for SHORT TERM as the Nifty was able to breach and sustain bellow 7650 level on last trading session of this week as closing basis.  Its indicating the further weakness in the Indian Share Market but Market participants should watch carefully next three trading of the coming week as Market is trying to search bottoms for SHORT TERM. Market traders should buy at any further sharp dips as its a very right time to make your Portfolio for medium to long term.