Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 26th Feb'16

Nifty                            :    7029.75 (-2.51% )                Sensex                :  23154.30 (-2.32% )

                                                                      

NIFTY Midcap 100  :     11518.20 (-2.54% )              BSE Small Cap   :    9555.23 (-2.41% )

NIFTY  BANK            :  13791.45 (-3.86% )              Dollar  V/s  Rupee :        68.62 (-0.23% )

                                   

Gainers Of The Week

(1) United Spirits  :  20.40%       (2) BF Utilities   : 16.41%    (3) Central Bank : 15.29%

(4) KPIT Techno. : 9.82%           (5) Escorts Ltd  : 7.64%        (6) Jain Irrigation : 6.86%

                   (7) Fotis Healthcare Ltd  : 6.71%        (8) Reliance Comm. Ltd : 5.85%

                                                       

Losers Of The Week

(1) Monsanto India : 17.25%   (2) JP Power Ltd : 10.87%      (3) M M T C Ltd : 14.01%

                                                                                

 (4) Tata Elxsi Ltd : 12.18%    (5) Indian Bank Ltd : 10.84%  (6) Sadbhav Engg. : 13.61%

                        (7) N I I T  Ltd   : 10.79%        (8) Hathway Cables Ltd : 10.25%

             

                                                         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 7252 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 6985 level on last trading session of this week . Big market players like DII  are trying to support the market but their buying spree was unable to change mood of the market.  Nifty made weekly high at 7252 level on 1st 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 7029 which its near to lowest closing after 12th May'2014 . Bank Nifty settled this week end at 13791 which is lower closing than last week . Indian Rupees settled this week end at 68.62 against US Dollar which is its near to the lowest closing after 28 months ( After Aug'2013 ).

NIFTY Mid Cap100 Index corrected by 2.54% and BSE Small Cap Index corrected by 2.41%, Nifty was also corrected  by 2.51% , Sensex corrected by 2.32% and Bank Nifty was corrected by 3.86% during the week. Indian Rupee was also corrected against US $ by 0.23%

Now, Nifty have  support at  6960 /  6920 level and resistance at 7090 / 7120 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 ).

Now, The faith of Indian Share Market is depends on up coming Union Budget On 29th Feb'16 as it will be a budget for Make OR Break. Indian Share Market will able to enter in Bull Orbit if much needed  Reforms to boost up Economy are being announced in Budget otherwise Indian market will breach its previous Nifty low of 6869 level and Nifty may even touch 6520 level ( In Case Of Weak Budget ).