Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 18th March'16

Nifty                            :     7604.35 (+1.25% )                Sensex                :  24952.74 (+0.95% )

                                                                      

NIFTY Midcap 100  :     12405.55 (+0.85% )              BSE Small Cap   :  10308.76 (+0.29% )

NIFTY  BANK            :  15654.85 (+3.20% )              Dollar  V/s  Rupee :       66.50 (+0.81% )

                                   

Gainers Of The Week

(1) Alok Ind. Ltd :  23.62%        (2) Welspun Corp. : 11.60%  (3) Rallis India Ltd : 13.16%

(4) AIA Engg. Ltd  : 11.79%%  (5) MphasiS Ltd : 10.44%     (6) Shree Cement Ltd : 11.01%

                     (7) Cairns India ltd  : 13.28%        (8) Voltas  Ltd : 10.59%

                                                       

Losers Of The Week

(1) Pfizer  Ltd : 15.28%            (2) Sunrise Asian : 12.52%      (3) Lupin Ltd : 14.67%

                                                                                

 (4) JP Infra  : 12.49%             (5) Rajesh Exports : 11.92%     (6) Unitech Ltd : 10.58%

                      (7) Suzlon Energy Ltd   : 10.39%        (8) JP Associates : 8.90%

             

                                                         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 7583 / 7585 Level on 1st trading session of this week . The selling pressure started from higher levels which compelled Nifty to touch weekly low at 7405 Level on 3rd trading session . Market sentiments converted to Bullish particularly after big players like FII started to buy from lower levels at 7405 level on 3rd 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 3rd trading session when big market participants like FII turned as Big Buyers.  Nifty made weekly high at 7613 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 since last week.


 Nifty settled the Weekly Closing at 7604 which its the highest Weekly closing after 1st Feb'2016 . Bank Nifty settled this week end at 15654 which is its higher closing than last week's closing ( Which was its the biggest gains in one week in 10years ) . Indian Rupees settled this week end at 66.50 against US Dollar which is its marginal Gains after slipping to its lowest level in 28 months ( After Aug'2013 ).

NIFTY Mid Cap100 Index gained by 0.85% and BSE Small Cap Index gained by 0.29%, Nifty  raised by 1.25% , Sensex also raised  by 0.95% and Bank Nifty shown smart recovery of 3.20% during the week. Indian Rupee was also raised against US $ by 0.81%

Now, Nifty have  support at  7550 /  7510 level and resistance at 7630 / 7675 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 ).