Analysis Of Market This week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 12th Feb'16

Nifty                            :    6980.95 (-6.80% )                Sensex                :  22986.12 (-6.62% )

                                                                      

NIFTY Midcap 100  :    11485.80 (-7.24% )              BSE Small Cap   :    9682.55 (-8.39% )

NIFTY  BANK            :  13971.50 (-7.86% )              Dollar  V/s  Rupee :       68.23 (-0.87% )

                                   

Gainers Of The Week

(1) Idea Cellular  :  9.95%       (2) Bharti Infratel  : 7.40%    (3) Bharti Airtel Ltd : 6.81%

(4) Eicher Motors  : 6.25%      (5) Lupin Ltd  : 5.99%            (6) Appolo Tyres : 5.15%

                   (7) Exide Industries  Ltd  : 5.05%        (8) Jet Airways Ltd : 2.73%

                                                       

Losers Of The Week

(1) Shipping Corpn. : 28.02%     (2) Just Dial Ltd : 27.41%       (3) Wockhardt Ltd : 25.55%

                                                                                

 (4) Bharat Hy. Elect. : 19.30%  (5) SREI Infra Ltd : 19.16%    (6) Sadbhav Engg. : 18.95%

                              (7) Unitech Ltd   : 18.86%        (8) Delta Corp  Ltd : 18.27%

             

                                                         Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with FLAT opening tried to move up but this up move was unable to sustained due to selling pressure was started  after Nifty touched 7512 Level on 1st trading session of this week . The selling pressure was continued across the board particularly by big players like FII until Nifty touched lower level at 6869 level on last trading session of this week . 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 particularly on last trading session of this week , resulting to raise Nifty to cross over 6900 level from the intraday and weekly low at 6869 level . Nifty made weekly high at 7512 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 6980 which its lowest closing after 12th May'2014 . Bank Nifty settled this week end at 13971 which is also its lower closing than last week . Indian Rupees settled this week end at 68.23 against US Dollar which is its near to lowest closing after 28 months ( After Aug'2013 ).

NIFTY Mid Cap100 Index corrected by 7.24% and BSE Small Cap Index corrected by 8.39%, Nifty was also corrected by 6.80% , Sensex corrected by 6.62% and Bank Nifty was corrected by 7.86% during the week. Indian Rupee was also corrected against US $ by 0.87%

Now, Nifty have  support at 6850 / 6760 level and resistance at 7210 / 7270 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 need to cross and sustain above 7241 level which will indicate for trend reversal ( From Bearish to Bullish ) now. It means Nifty will give signal for heading towards to enter in BULL Orbit for SHORT TERM after crossing and sustaining above 7241 level only. 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 ).