Analysis Of Market This week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 15th Jan'16

Nifty                            :    7437.80 (-2.16% )                Sensex                :  24455.04 (-1.92% )

                                                                      

NIFTY Midcap 100  :  12480.60 (-6.08% )              BSE Small Cap   :  10782.88 (-7.46% )

NIFTY  BANK            :  15206.30 (-5.80% )              Dollar  V/s  Rupees :    67.60 (-1.46% )

                                   

Gainers Of The Week

(1) Infosys Ltd :  6.62%                (2) Balrampur Chini : 7.52%  (3) MindTree Ltd : 5.76%

(4) Reliance Ind. : 3.99%            (5) Muthoot Finance  : 3.21%   (6) Bayer Crop Sci. : 2.46%

                          (7) Bharat Petroleum : 2.42%       (8) Berger Paints Ltd : 1.12%

                                                       

Losers Of The Week

(1) IDBI Bank Ltd : 26.59%          (2) Jindal Steels  : 31.39%   (3) Sintex Ind.  : 26.74%

                                                                                

 (4) JP Associates : 24.81%          (5) Central Bank : 22.71%    (6) Allahabad Bank : 9.26%

                    (7) Canara Bank Ltd  : 21.29%             (8) IB Real Estate  : 21.09%

             

                                                         Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with  slightly GAP UP opening but this up move was unable to sustained due to selling pressure was started after Nifty touched 7634 Level on 1st trading session of this week . Although big players done mixed trades ( Buying and Selling both in Cash Segment ) . The selling pressure was continued across the board until Nifty touched lower level at 7427 on last trading session. Big market players like DII  are trying to support the market but their buying strength was not enough to stop the fall. Nifty made weekly high at 7634 level on the first trading session ( As Intra day High ) . Market participant DII are using every sharp dips for buy although DII book some profit in selected shares during this week. 

 Nifty settled this week end at 7437 which its lowest closing after 18 months ( After June'2014 ). Bank Nifty settled this week end at 15206.30 which is its lowest closing after 15 months ( After Sept'2014 ) . Indian Rupees settled this week end at 67.60 against US Dollar which is its lowest closing after 28 months ( After Aug'2013 ).

NIFTY Mid Cap100 Index corrected by 6.08% and BSE Small Cap Index corrected by 7.46%, Nifty was also corrected by 2.16% , Sensex corrected by 1.92% and Bank Nifty was corrected by 5.80% during the week. Indian Rupee was down against US $ by 1.46%

Now, Nifty have  support at 7400 / 7360 level and resistance at 7560 / 7640 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 again breached its previous week's low of 7556 Level and also managed to close well below this level  which is showing bearish tone of Nifty now. It means Nifty is heading towards to enter in BEAR Orbit for SHORT TERM  so market participants should trade very carefully although the author feel that the Nifty should bounce back in next week as the Indian Share market is in OVER SOLD ZONE  ( On the basis of Technical Analysis ).