Value Plus

Arihant's Value Plus - March 2017



Market Outlook March: Going ahead, Indian equity markets will react positively on the back of third quarter GDP growth rate that came in at 7%, belying expectations that demonetisation will dent economic momentum. According to Economic Affairs Ministry, with remonetisation almost complete now, the adverse impact on consumption will not spill over to the next quarter.

All eyes will now be glued at election results in Uttar Pradesh and the US Federal Reserve's monetary policy meeting which will be scheduled on March 14-15. Further, Indian macro economic data, European Central Bank (ECB) monetary policy, Bank of England’s (BOE) monetary policy and Japanese monetary policy will be major events to watch for. Hence, we recommend investors to invest in fundamentally strong companies for long term.

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Fundamental Pick
  • Auto Sector
  • Commodity Outlook
  • Mutual Fund
  • IPO Performance
  • Key Financial Events – Mar

Nifty Technical Outlook: On the monthly chart, we are observing two consecutive bull candles which suggest that momentum on the upside is likely to continue. In the coming month if Nifty trades and closes above 8966 level then it is likely to test 9096 – 9226 – 9377 levels. However, if Nifty trades and closes below 8792 level then it can test 8663 – 8533 – 8382 levels.

Broadly, we are of the opinion that the monthly trend has turned up. This suggests that  momentum on the upside is likely to test the all-time highs of 9119 or even extend its gains further in couple of months. Hence, one needs to trade with positive bias as stock specific activity is likely to continue.


Tags: IPOAuto SalesKey EventsMovers & ShakersCommodity OutlookMarket OutlookNifty Technical OutlookFundamental Pick


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DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.