Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 19th Feb'16

Nifty                            :    7210.75 (+3.01% )                Sensex                :  23709.15 (+3.02% )

                                                                      

NIFTY Midcap 100  :     11823.35 (+2.84% )              BSE Small Cap   :    9876.53 (+2.01% )

NIFTY  BANK            :  14344.20 (+3.06% )              Dollar  V/s  Rupee :        68.46 (-0.34% )

                                   

Gainers Of The Week

(1) Idea Cellular  :  8.29%       (2) Cairn India  : 11.42%    (3) Vedanta  Ltd : 10.76%

(4) NMDC  Ltd  : 9.71%          (5) Tata Motors  : 8.79%      (6) Adani Power  : 7.56%

                   (7) Bank Of Baroda  Ltd  : 18.86%        (8) Tata Steel Ltd : 7.47%

                                                       

Losers Of The Week

(1) Shipping Corpn. : 21.49%     (2) JP Power Ltd : 18.67%    (3) Wockhardt Ltd : 15.65%

                                                                                

 (4) Bharat Hy. Elect. : 20.42%  (5) PI Ind.  Ltd : 14.31%       (6) Sadbhav Engg. : 18.51%

                              (7) Unitech Ltd   : 22.24%        (8) Gatway Distriparks : 22.55%

             

                                                         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  after Nifty touched 7204 Level on 2nd 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 6960 level on 3rd 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 4th trading session of this week , resulting to raise Nifty to cross over 7200 level from the  weekly low at 6960 level . Nifty made weekly high at 7226 level on the Last 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. Market big players FII also bought in Cash Segment on 4th trading session.

 Nifty settled this week end at 7210 which its near to lowest closing after 12th May'2014 . Bank Nifty settled this week end at 14344 which is slightly higher closing than last week . Indian Rupees settled this week end at 68.46 against US Dollar which is its near to lowest closing after 28 months ( After Aug'2013 ).

NIFTY Mid Cap100 Index raised by 2.84% and BSE Small Cap Index raised by 2.01%, Nifty was also moved up by 3.01% , Sensex moved up by 3.02% and Bank Nifty was raised by 3.06% during the week. Indian Rupee was also corrected against US $ by 0.34%

Now, Nifty have  support at  7120 /  7090 level and resistance at 7250 / 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 7250 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 7250 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 still in OVER SOLD ZONE  ( As Per Technical Analysis ).