Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 4th Dec.'15

Nifty                          :    7781.90 (-2.03% )          Sensex                :  25638.11 (-1.88% )

                                                                      

CNX Midcap            :  13190.90 (-0.29% )        BSE Small Cap   :  11557.52 (+0.10% )

Bank Nifty Index      :  16897.30 (-2.72% )       Dollar  V/s  Rupees :    66.70 (+0.09% )

                                   

Gainers Of The Week

(1) Indian Hotels :  16.68%     (2) Religare Entrp. : 14.54%   (3) Gati Ltd  : 12.77%

(4) Jet Airways Ltd  : 17.42%  (5) Reliance Com. : 12.81%    (6) Bhushan Steel : 11.50%

                   (7) TV18 Broadcast Ltd : 11.77%       (8) Future Retails Ltd : 11.45%

                                                       

Losers Of The Week

(1) United Spirits : 7.02%           (2) PMC FinCorp : 8.43%   (3) Just Dial Ltd : 11.05%

                                                                                

 (4) Kailash Auto Fin. : 8.70%   (5) GVK Power  : 7.86%       (6) Shree Renuka  : 19.45%

                             (7) Mphasis  Ltd : 6.89%      (8) Finolex Cables Ltd  : 6.23%

             

                                              Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with steady note and the positive trend was maintained upto Nifty touched higher at 7979 level on 2nd Dec. , strong profit booking was noticed after nifty touched this level. Selling pressure was came particularly by FII during this week. Nifty made weekly high at 7979 level on the 3rd 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 still trading in bullish trend as 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 0.29% and BSE Small Cap Index moved up by 0.10%, Nifty was also corrected by 2.03% , Sensex corrected by 1.88% and Bank Nifty was corrected by 2.72% during the week. Indian Rupee slightly improved against US $ by 0.09%

Now, Nifty have  support at 7730 / 7710 level and resistance at 7860 / 7920 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.