Monthly

Arihant's Value Plus - May 2017



Market Outlook May: Going ahead, Indian equity markets upward momentum will continue and factors like Q4FY17 corporate earnings, fund inflows and key economic reforms will drive the markets. Global economic growth prospects, political stability in India, improving fundamentals, implementation of key reforms are the factors responsible for renewed interest of foreign investors. On the economic data front, the US FOMC meeting which will be scheduled on 3rd May, 2017 will impact the markets. Further, Japanese monetary policy meeting minutes, French Presidential election results, BoE Monetary Policy and European Central Bank (ECB) monetary policy meeting minutes will be keenly watched by market participants. Hence, we recommend investors to adopt buy on dips strategy and invest in fundamentally strong companies for long term perspective.  

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Stock Recommendations
  • Commodity Outlook
  • Auto Sales
  • Mutual Fund
  • Key Financial Events – May

Nifty Technical Outlook May: On the monthly chart, we are observing a spinning top which gives small clue that the previous four month rally is losing breath. Hence, a consolidation or a minor correction from current level cannot be ruled out. In the coming month if Nifty trades and closes above 9363 level then it is likely to test 9448 – 9534 – 9633 levels. However, if Nifty trades and closes below 9244 level then it can test 9159 – 9074 – 8975 levels.

Broadly, we are of the opinion that monthly trend is up and at present there is no sign of weakness. In current month 9120 holds significance. Hence, as long as Nifty holds the mentioned level on closing basis there is high probability that markets are likely to test 9400 9600 levels in couple of months.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookMarket OutlookNifty Technical OutlookTechnical PickFundamental Pick


Arihant's May Investment Newsletter is now available #‎ValuePlus
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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.