Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 1st April '16

Nifty                            :     7713.05 (-0.04% )                Sensex                :  25269.64 (-0.27% )

                                                                      

NIFTY Midcap 100  :     12791.95 (+1.23% )              BSE Small Cap   :  10639.80 (+1.31% )

NIFTY  BANK            :   16174.90 (+1.81% )             Dollar  V/s  Rupee :        66.26 (+0.58% )

                                   

Gainers Of The Week

(1) M R P L  :  21.62%     (2) Just Dial Ltd : 18.10%      (3) JP Associates : 16.37%

(4) Sintex Ind. : 14.08%  (5) Prestige Estates : 12.79%   (6) Finolex Cables : 12.28%

             (7) Balrampur Chinni Mills  : 11.64%        (8) Adani Power Ltd : 11.56%

                                                       

Losers Of The Week

(1) Natco Pharma : 12.3%        (2) Sunrise Asian : 12.61% (3) Polaris Consulting : 11.30%

                                                                                

 (4) Alok Industries : 10.08%   (5) Rattan India : 7.71%     (6) Federal Bank : 7.33%

                      (7) Torrent Power Ltd   : 7.04%    (8) Kaveri Seed Company : 6.49%

             

                                                         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 7749 Level on 1st trading session of this week . The selling pressure started from higher levels which compelled Nifty to touch weekly low at 7582 Level on  2nd trading session . Market sentiments converted to Bullish particularly after big players like FII started to buy from lower levels at 7582 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 7777 level on 4th 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 7713 which its the highest Weekly closing after 21st march '2016 . Bank Nifty settled this week end at 16174 which is its higher closing than last week's closing  . Indian Rupees settled this week end at 66.26 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 1.23% and BSE Small Cap Index gained by 1.31%, Nifty corrected marginally  by 0.04% , Sensex also corrected marginally  by 0.27% and Bank Nifty shown smart recovery of  1.81% during the week. Indian Rupee was also raised against US $ by 0.58%

Now, Nifty have  support at  7640 /  7620 level and resistance at 7770 / 7820 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 had crossed and sustained above 7630 level which  indicate for Nifty had entered in New Bullish Zone now. It means Nifty shown signal for heading towards  for BULL Orbit for SHORT TERM after crossing and sustaining above 7630 level . So market participants should trade very carefully  as  the Author expecting strong Short covering if Nifty able to cross and Sustain above 7820 level now.