Analysis Of Market This Week : Indian Share Market

 Hi  Folks , Here's the Analysis Of  Market This week ending 24th June '16

Nifty                            :     8088.60 (-1.01% )                Sensex                :   26397.71 (-0.86% )

                                                                      

NIFTY Midcap 100  :     13289.35 (-0.52% )              BSE Small Cap   :   11278.63 (-1.37% )

NIFTY  BANK            :   17426.00 (-1.53% )             Dollar  V/s  Rupee :        67.96 (-1.31% )

                                   

Gainers Of The Week

(1) Escorts Ltd :   18.64%             (2) Natco Pharma : 14.30%  (3) Max Financial : 13.07%

(4) Manappuram Fin. : 12.36%   (5) Gati Ltd : 10.10%            (6) Allahabad Bank : 11.86%

                            (7) Alok Industries Ltd  : 9.77%        (8) Vakrangee Ltd : 8.77%

                                                       

Losers Of The Week

(1) Future Enerprises : 13.04%  (2) IB Real Estate : 12.39%          (3) Jubilant Life: 12.15%

                                                                                

 (4) Edelweiss Fin .: 9.61%         (5) Jaiprakash Power : 8.99%       (6) Shree Renuka : 8.17%

                         (7) Sunrise Asian Ltd   : 9.27%    (8) RattanIndia Power : 7.77%

             

                                                         Analysis  Of  Market  Movements

 Indian Share Market and Nifty started this week's trading with GAP DOWN opening  at 8115 level 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 8285 Level on 4th trading session of this week . The selling pressure started from higher levels of 8285 which compelled Nifty to touch lower level at 7927 Level on last trading session after getting outcome of " BREXIT " from Euro Zone  . Market given some recovery after touching lower level at 7927 as  Big market players like DII  were buyer in dips whereas Big player FII were seller particularly in 4th and 5th  trading session during this week . Nifty made weekly high at 8285 level on  4th trading session ( As Intra day High ) . 

 Nifty settled the Weekly Closing at 8088 which its lower weekly  closing against closing of previous week . Bank Nifty settled this week end at 17426 . Indian Rupees settled this week end at 67.96 against US Dollar .

NIFTY Mid Cap100 Index corrected by 0.52% and BSE Small Cap Index  corrected by 1.37%, Nifty was down by 1.01% , Sensex was also down by 0.86% and Bank Nifty shown correction of  1.53% during the week .  Indian Rupee was also correted against US $ by 1.31%                                                    Now, Nifty have  support at  7920 / 7860 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 .