Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 4th March'16

Nifty                            :    7485.35 (+6.49% )                Sensex                :  24646.48 (+6.49% )

                                                                      

NIFTY Midcap 100  :     12314.15 (+6.91% )              BSE Small Cap   :  10285.75 (+7.64% )

NIFTY  BANK            :  15339.20 (+11.22% )              Dollar  V/s  Rupee :       67.08 (+2.24% )

                                   

Gainers Of The Week

(1) Just Dial  :  38.12%         (2) DLF Ltd  : 27.09%        (3) Central Bank : 25.85%

(4) Vedanta Ltd  : 22.97%     (5) Indian Bank : 22.80%    (6) Corporation Bank : 21.30%

               (7) Gateway Distriparks ltd  : 23.66%        (8) IB Housing Finance  : 21.04%

                                                       

Losers Of The Week

(1) Monsanto India : 10.24%   (2) Sunrise Asian : 12.71%      (3) Castrol India : 10.32%

                                                                                

 (4) United Spirits  : 6.19%     (5) Neyveli Lignite : 5.54%      (6) Ipca Labs Ltd : 5.53%

                        (7) O N G C  Ltd   : 4.22%        (8) Oil India Ltd : 2.86%

             

                                                         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 7094 Level on 1st trading session of this week . The selling pressure started during the Union Budget Speech by Finance Minister and it was spread over across the board particularly by big players like FII until Nifty touched lower level at 6825 level ( which is New 52 Week's Low ) on 1st 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.Market sentiment converted in Bullish tone from 2nd trading session when big market participants like FII turned as Big Buyers.  Nifty made weekly high at 7505 level on last trading session ( As Intra day High ) . Market participant DII used every sharp rise to book  profit in selected shares after strong Buying started by FII during this week.


 Nifty settled this week end at 7485 which its the highest closing after 8th Feb'2016 . Bank Nifty settled this week end at 15339 which is its the biggest gains in one week in 10years . Indian Rupees settled this week end at 67.08 against US Dollar which is its Smart gains after slipping to its lowest level in 28 months ( After Aug'2013 ).

NIFTY Mid Cap100 Index moved up by 6.91% and BSE Small Cap Index moved up by 7.64%, Nifty was also raised by 6.49% , Sensex raised by 6.49% and Bank Nifty shown the Smartest Up Move by 11.22% during the week. Indian Rupee was also recovered against US $ by 2.24%

Now, Nifty have  support at  7420 /  7360 level and resistance at 7520 / 7580 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 Buying at sharp dips and Selling at any sharp rise to remain strong with safe profit on the table, So market participants should Buy at any sharp dips and should book profit at any sharp rise to make nice profit in short term. 

Nifty need to cross and sustain above 7630 level which will indicate for Nifty to enter in New Bullish Zone now. It means Nifty will give signal for heading towards to enter in BULL Orbit for SHORT TERM after crossing and sustaining above 7630 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 ).