Value Plus

Arihant's Value Plus – August 2017

Market Outlook August: Going ahead, Indian equity markets are expected to continue upward journey after touching record high levels. The RBI’s monetary policy review, trends in global markets, corporate earnings, GDP and US FOMC meeting minutes will dictate the market direction. The improvement in macro economic factors i.e. low inflation, controlled fiscal deficit, rising consumer demand, improving tax discipline and good rainfall offers good opportunity for companies to perform well in long run. Investors should stay invested only in companies with good management and with attractive business models.

In this issue:

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

Nifty Technical Outlook August: On the monthly chart, we are observing a strong bull candle which suggests that upside momentum is likely to continue. In the coming month if Nifty trades and closes above 10187 levels then it is likely to test 10354 – 10521 – 10715 levels. However, if Nifty trades and closes below 9966 level then it can test 9800 – 9633 – 9439 levels.

Broadly, we are of the opinion that for current month as long as Nifty holds 9600 on daily closing basis there is high probability that Nifty may test the 10500 10700 in couple of months.

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

Arihant's August Investment Newsletter is now available #‎ValuePlus
Click here to go through our flipbook now.
Click here to download full pdf report.

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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.