Value Plus

Arihant's Value Plus – December 2017

Market Outlook December: Going ahead, Indian equity markets will remain highly volatile this month ahead of three high impact events i.e. RBI monetary policy, Gujarat assembly election results and the US Fed interest rate decision. The Gujarat assembly elections will be held in two phases on December 9 and 14. The RBI’s monetary policy will be announced on December 6 while the Gujarat election results will be declared on December 18. The outcome of the assembly elections will set the tone for the market. Further, US FOMC meeting, BOE monetary policy, ECB Monetary Policy, BOJ monetary Policy, macroeconomic data, FIIs and DIIs trend, currency movement and crude oil price movement are the key factors to watch out for. Investors should adopt buy on dips strategy and invest in fundamentally strong companies with long term perspective.

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Fundamental Stocks
  • Auto Sales
  • Commodity Outlook
  • Mutual Fund
  • Key Financial Events – Dec

Nifty Technical Outlook December: On the monthly chart, after strong bull candle we are observing a spinning top candlestick pattern which suggests a consolidation of previous rise. In the coming month if Nifty trades and closes above 10305 levels then it is likely to test 10421 – 10557 – 10671 levels. However, if Nifty trades and closes below 10147 level then it can test 10032 – 9916 – 9781 levels.

Broadly, we are of the opinion that for current month 10032 is crucial support level any monthly close below 10032 would derailed the monthly uptrend. Hence as long as Nifty holds 10032 levels there is fair chance that Nifty may retest all time high of 10490 or even extend its gains to 10600 levels in couple of months.

Tags: Auto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookMarket OutlookFundamental StocksNifty Technical OutlookTata MotorsBrigadeDhaniya

Arihant's December 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.