Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 22nd April '16

Nifty                            :     7899.30 (+0.62% )                Sensex                :  25838.14 (+0.83% )

                                                                      

NIFTY Midcap 100  :     13245.85 (+0.51% )              BSE Small Cap   :  11078.84 (+1.23% )

NIFTY  BANK            :   16703.40 (+2.61% )             Dollar  V/s  Rupee :        66.49 (+0.23% )

                                   

Gainers Of The Week

(1) Kaveri Seed :  12.84%       (2) PI Ind. Ltd : 12.55%      (3) MindTree Ltd : 11.02%

(4) Escorts Ltd  : 9.92%          (5) NALCO Ltd : 9.45%     (6) BEML Ltd : 8.90%

                          (7) Dewan Housing   : 8.94%        (8) SRF  Ltd : 8.68%

                                                       

Losers Of The Week

(1) Havells India : 3.66%        (2) Sunrise Asian : 5.54%       (3) ABB India : 2.81%

                                                                                

 (4) Alok Industries : 4.05%   (5) Hathway Cable : 2.69%     (6) NMDC Ltd : 2.63%

                      (7) Syndicate Bank Ltd   : 2.64%    (8) Jaypee Infra Ltd : 2.29%

             

                                                         Analysis  Of  Nifty  Movements

Indian Share Market and Nifty started this week's trading with GAP UP opening and  tried to move up but this up move was unable to sustained due to selling pressure was started  after Nifty touched 7978 Level on 3rd trading session of this week . The selling pressure started from higher levels which compelled Nifty to touch low at 7873 Level on 4th trading session which is still higher than weekly low at 7842 which was touched on 2nd trading session . Market sentiments converted to Bullish particularly after big players like FII are regular buyer after Union Budget . 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 / three months. Nifty made weekly high at 7978 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 7899 which its the highest Weekly closing after 13th April '2016 . Bank Nifty settled this week end at 16703 which is its higher closing than last week's closing  . Indian Rupees settled this week end at 66.49 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 0.51% and BSE Small Cap Index gained by 1.23%, Nifty gained marginally  by 0.62% , Sensex also moved up marginally  by 0.83% and Bank Nifty shown smart recovery of  2.61% during the week. Indian Rupee was also raised against US $ by 0.23%

Now, Nifty have  support at  7840 /  7820 level and resistance at 7980 / 8010 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 7820 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 7820 level . So market participants should trade very carefully  as  the Author expecting strong Selling pressure may happened if Nifty able to breach and Sustain below 7820 level now.