Value Plus

Arihant's Value Plus - March 2018



For the month ahead, only a strong Q3 financial performance for most of the companies and likely continuation of the same in next few quarterscan support the current valuation of key market indices.   However, Indian markets are likely to remain in consolidation phase.FIIs and DIIs trend, bond yield and crude oil price movement are the key factors to watch out for. Investors should invest in fundamentally strong companies with long term perspective only on dips.

 

In this issue:

  • Movers and Shakers
  • Market Outlook
  • Fundamental Stock
  • Auto Sales
  • Commodity Outlook
  • Mutual Funds
  • Fund Manager Interview
  • Key Financial Events

The current price action on the monthly chart has formed a bearish Engulfing pattern. The bearish implication of the said pattern will get activated once Nifty trades and close below 10276 level.

In current month Nifty has resistance at 10897 – 11143 - 11429 levels whereas on the downside, 10088 – 9843 - 9557 levels. In coming month if Nifty trades above 10652 then it is likely to test 10897 – 11143 - 11429 levels. However, if Nifty trades below 10333 then it is likely to test 10088 – 9843 - 9557 levels.

Broadly, looking at the bearish engulfing pattern on the monthly chart we advise traders to adopt cautious approach towards the markets. The said pattern would get negated only if nifty trades and close above 11171.55 level.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookMarket OutlookFundamental Pick


Arihant's March 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.