Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 11th March'16
Nifty : 7510.20 (+0.31% ) Sensex : 24717.99 (+0.31% )
NIFTY Midcap 100 : 12300.40 (-0.11% ) BSE Small Cap : 10278.00 (-0.21% )
NIFTY BANK : 15168.20 (-1.02% ) Dollar V/s Rupee : 67.04 (+0.06% )
| ||
(1) Unitech Ltd : 33.01% (2) VA Tech Wabag : 23.34% (3) Just Dial Ltd : 22.77%
(4) Wockhardt Ltd : 21%% (5) Indian Bank : 30.52% (6) Corporation Bank : 20.21%
(7) Cairns India ltd : 19.83% (8) Hindalco Industries Ltd : 18.87%
| ||
(1) ICRA Ltd : 6.77% (2) Sunrise Asian : 12.62% (3) Cyient Ltd : 6.24%
(4) United Spirits : 9.51% (5) Rajesh Exports : 5.91% (6) Ipca Labs Ltd : 4.49%
(7) Appolo Hospitals Ltd : 5.83% (8) Emami Ltd : 5.25%
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 7527 Level on 1st trading session of this week .
The selling pressure started from higher levels which compelled Nifty to touch weekly low at 7424 Level on 2nd trading session . Market sentiments turnned to Bullish particularly after big players like FII started to buy from lower levels at 7424 level on 2nd trading session of this week . Big market players like
DII are booking profit at rise whereas Big player FII are buying to build their Portfolio after NICE correction since last two months. 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 7547
level on 3rd 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 the Weekly Closing at 7510 which its the highest Weekly closing after 8th Feb'2016 . Bank Nifty settled this week end at 15168 which is its lower closing than last week's closing ( Which was its the biggest gains in one week in 10years ) . Indian Rupees settled this week end at 67.04 against US Dollar which is its marginal Gains after slipping to its lowest level in 28 months ( After Aug'2013 ).
Nifty settled the Weekly Closing at 7510 which its the highest Weekly closing after 8th Feb'2016 . Bank Nifty settled this week end at 15168 which is its lower closing than last week's closing ( Which was its the biggest gains in one week in 10years ) . Indian Rupees settled this week end at 67.04 against US Dollar which is its marginal Gains after slipping to its lowest level in 28 months ( After Aug'2013 ).
NIFTY Mid Cap100 Index corrected by 0.11% and BSE Small Cap Index corrected by 0.21%, Nifty was marginally raised by 0.31% , Sensex also raised marginally by 0.31% and Bank Nifty shown some correction after its the Smartest Up Move ( In Last Week by 11.22% ) during the week. Indian Rupee was also raised marginally against US $ by 0.06%
Now, Nifty have support at 7440 / 7380 level and resistance at 7550 / 7590 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 ). Smart & Strong recovery in expected in Nifty Future if Nifty will able to cross & sustain above 7550 level.
No comments:
Post a Comment