Monthly

Arihant's Value Plus - April 2018



Market Outlook April: Going ahead, Indian equity markets will remain volatile this month, only a strong Q4 financial performance of corporate bigwigs can support market indices. The outcome of the RBI’s monetary policy meeting will dictate market trend. The RBI's Monetary Policy Committee (MPC) will meet on 5th April 2018 for the first bi-monthly monetary policy for FY19. Further, US FOMC meeting minutes, European Central Bank monetary policy, BOJ monetary policy, Q4FY18 corporate earnings, macroeconomic data, FIIs and DIIs trend, bond yield, currency movement and crude oil price movement are the key factors to watch out for. We suggest investors to invest in fundamentally sound companies with long term perspective.

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Fundamental Pick
  • Auto Sector
  • Commodity Outlook
  • Mutual Fund Roundup
  • Key Financial Events

Nifty Technical Outlook April: The current price action on the monthly chart has confirmed the bearish engulfing pattern. This suggests weakness going forward.

In current month Nifty has resistance at 10392 – 10559 – 10754 levels whereas on the downside, 9835 – 9668 –9473 levels. In coming month if Nifty trades above 10224 then it is likely to test 10392 – 10559 – 10754 levels. However, if Nifty trades below 10002 then it is likely to test 9835 – 9668 – 9473 levels.  

Since the monthly trend has turned down we are of the opinion that rallies near to the above mentioned resistance levels are likely to attract selling pressure. Hence, one should adopt cautious approach towards the markets.


Tags: Key EventsMutual FundMovers & ShakersAuto SectorCommodity OutlookMarket OutlookNifty Technical OutlookFundamental Pick


Arihant's April Investment Newsletter is now available #ValuePlus.
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.