Value Plus

Arihant's Value Plus – September 2017



Market Outlook September: Going ahead, Indian equity markets are expected to remain volatile this month due to geopolitical tensions between the US and North Korea. The tug of war between the bulls and the bears could continue this month as well. Apart from geopolitical tensions, on the economic data front, US FOMC meeting, Europe monetary policy, Bank of Japan monetary policy, macroeconomic data, progress of monsoon rains, trend in global markets, FPI’s & DII’s inflows, rupee movement and crude oil price movement will be watched for further direction. Investors should adopt buy-on-dips strategy to accumulate stocks at attractive valuations.    

In this issue:

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

Nifty Technical Outlook September: On the monthly chart, we are observing a bear candle with narrow body formation which indicates a pause of current up move. In the coming month if Nifty trades and closes above 10006 levels then it is likely to test 10138 – 10270 – 10424 levels. However, if Nifty trades and closes below 9829 level then it can test 9697 – 9565 – 9411 levels.

Broadly, we are of the opinion that for current month as long as Nifty holds 9680 on daily closing basis there is high probability that Nifty may test the 10300 - 10500 in couple of months.


Tags: Technical StocksAuto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookNifty Technical OutlookKotak BankNMDC


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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.