Analysis Of Market This Week : Indian Share Market

Hi Folks,
 Here's the Analysis of Indian Share Market this Week for week ending 27th May '16

Nifty                            :     8156.65 (+5.25% )                Sensex                :   26653.60 (+5.34% )

                                                                      

NIFTY Midcap 100  :     13270.05 (+2.31% )              BSE Small Cap   :   11111.00 (+1.34% )

NIFTY  BANK            :   17511.80 (+6.25% )             Dollar  V/s  Rupee :        67.03 (+0.61% )

                                   

Gainers Of The Week

(1) Fenolex Cables :  17.09%  (2) RatanIndia Power : 16.22% (3) S B I Ltd  : 14.06%

(4) IB Real Estate  : 13.20%    (5) Tech Mahindra : 12.58%      (6) Bajaj Electicals : 12.46%

                            (7) Biocon Ltd   : 12.45%        (8) Hindustan Petroleum  : 11.97%

                                                       

Losers Of The Week

(1) Welspun Corp : 18.47%     (2) GVK Power  : 15.09%     (3) Just Dial Ltd : 12.82%

                                                                                

 (4) Hind Copper  : 9.65%    (5) Cummins India  : 8.81%       (6) JP Associates : 8.79%

                      (7) Sunrise Asian Ltd   : 9.47%    (8) Amara Raja Batteries : 8.95%

             

                                                         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 particularly by big player FII was started  after Nifty touched 7820 Level on 1st trading session of this week . The selling pressure started from higher levels which compelled Nifty to touch low at 7722 / 7715  Level on 1st and 2nd trading session respectively . Market sentiments converted in bullish tone from 3rd trading session ( just one day before of F&O Expiry of May'16 ) as big market players like FII and HNI turned to Strong Buying spree in Cash Segment as well as in futures also .  Big market players like DII  were buyer in dips whereas Big player FII were also buyer from 3rd trading session during this week . Nifty made weekly high at 8164 level on last trading session ( As Intra day High ) . 


 Nifty settled the Weekly Closing at 8156 which its highest weekly  closing after 30th October'2015 . Bank Nifty settled this week end at 17511 . Indian Rupees settled this week end at 67.03 against US Dollar .

NIFTY Mid Cap100 Index raised by 2.31% and BSE Small Cap Index raised by 1.34%, Nifty raised by 5.25% , Sensex also raised by 5.34% and Bank Nifty shown smart recovery of  6.25% during the week. Indian Rupee was also raised against US $ by 0.61%

Now, Nifty have  support at  8050 / 8010 level and resistance at 8250 / 8340 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 8340 level  (which is its 61.8% retracement  level from 52 weeks low of 6825 level ) which will  indicate for Nifty to be entered in New Bullish Orbit now. It means Nifty will show signal for heading towards New BULL Orbit for SHORT TERM after crossing and sustaining above 8340 level . So market participants should trade very carefully  as  the Author expecting strong Selling pressure may happened around 8250 / 8340 now before Nifty try to attempt for making New High .