Value Plus

Arihant's Value Plus - July 2017

Market Outlook July: Going ahead, Indian equity markets will remain volatile this month due to implementation of Goods and Service Tax (GST). Investors are under the cloud of uncertainty over the implications of the GST on individuals and corporates. While the government expects GST to revolutionise India's taxing system and is being marketed as one nation one tax. It will benefit industry, government and consumer as it will lower the cost of goods and services give a boost to the economy and improve ease of doing business. The tax will boost the country’s fiscal health in the long term.

Further, progress of monsoon rains, trends in global markets, Q1FY18 corporate earnings, monsoon session of parliament which will be started from on 17th Jul, 2017 and presidential election results are the major factors which will impact the markets. On the global front, the US FOMC meeting minutes, European Central Bank (ECB) monetary policy and Japanese monetary policy will be keenly watched by market participants. Hence, we recommend investors to invest in fundamentally sound companies with long term view.

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Technical Picks
  • Auto Sales
  • Commodity Outlook
  • Mutual Fund
  • Key Financial Events – July

Nifty Technical Outlook July: On the monthly chart, we are observing a doji candlestick pattern which reflects indecisiveness prevailing at current levels. In the coming month if Nifty trades and closes above 9574 level then it is likely to test 9650 – 9727 – 9815 levels. However, if Nifty trades and closes below 9466 level then it can test 9391 – 9315 – 9226 levels.

Broadly, we are of the opinion that for current month as long as Nifty holds 9391 on daily closing basis there is high probability that Nifty may test the 9800 – 9900 in couple of months.  Investors should pick up quality stocks for long-term horizon to gain from the uptrend.

Tags: Technical StocksAuto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookMarket OutlookNifty Technical Outlook

Arihant's July 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.