Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 5th Feb'16

Nifty                            :    7489.10 (-0.99% )                Sensex                :  24617.00 (-1.02% )

                                                                      

NIFTY Midcap 100  :    12382.80 (-0.70% )              BSE Small Cap   :  10569.53 (-2.76% )

NIFTY  BANK            :  15162.00 (-2.32% )              Dollar  V/s  Rupee :      67.64 (+0.21% )

                                   

Gainers Of The Week

(1) ABB India  Ltd :  16.78%    (2) Bajaj Finance : 16.21%    (3) YES Bank Ltd : 15.41%

(4) Vakrangee Ltd  : 14.16%      (5) Eicher Motors : 13.50%    (6) Hexaware Tech. : 11.06%

                   (7) Vedanta  Ltd  : 9.81%        (8) Cadila Healthcare  : 9.17%

                                                       

Losers Of The Week

(1) Crompton Greaves : 24.37%  (2) Just Dial Ltd : 20.60%       (3) Wockhardt Ltd : 16.67%

                                                                                

 (4) Suzlon Energy  : 16.45%      (5) Syndicate Bank : 15.02%    (6) N T P C Ltd : 13.46%

                  (7) Sun Pharma Advanced : 11.01%        (8) ARVIND  Ltd : 10.33%

             

                                                         Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with  GAP UP opening tried to move up but this up move was unable to sustained due to selling pressure was started consolidation after Nifty touched 7600 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 particularly by big players like FII until Nifty touched lower level at 7350 on third trading session. Big market players like DII  are trying to support the market and their buying helped to change mood of the market participants which lead the up side movements in Nifty as well as in general market sentiment, resulting to raise Nifty to cross over 7500 level. Nifty made weekly high at 7600 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 7489 which its highest closing after 2nd Feb'2016 . Bank Nifty settled this week end at 15162 which is also its lower closing than last week . Indian Rupees settled this week end at 67.64 against US Dollar which is its near to lowest closing after 28 months ( After Aug'2013 ).

NIFTY Mid Cap100 Index corrected by 0.70% and BSE Small Cap Index corrected by 2.76%, Nifty was also corrected by 0.99% , Sensex corrected by 1.02% and Bank Nifty was corrected by 2.32% during the week. Indian Rupee was slightly recovered against US $ by 0.21%

Now, Nifty have  support at 7430 / 7360 level and resistance at 7640 / 7690 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 is trying to cross and sustained above its previous resistance of 7556 Level which will indicate to bullish tone of Nifty now. It means Nifty is heading towards to enter in BULL Orbit for SHORT TERM  so market participants should trade very carefully although the author feel that the Nifty should move up in next week as the Indian Share market is in OVER SOLD ZONE  ( As Per Technical Analysis ).