Value Plus

Arihant's Value Plus - June 2018



Market Outlook JuneGoing ahead, Indian equity markets mood are expected to remain upbeat as investors continued hunt for fundamentally strong stocks. The month of June will see the Reserve Bank of India, the US Federal Reserve, and the Bank of England details their respective monetary policies, while the meeting of the Organization of the Petroleum Exporting Countries (OPEC) will also grab investors' attention. The US-North Korea summit and developments on international trade front will also keep investors on the edge this month. The RBI's Monetary Policy Committee (MPC) will meet on 6th June 2018 for the second bi-monthly monetary policy for FY19. Further, progress of monsoon, trends in global markets, macroeconomic data, FIIs and DIIs trend, bond yield, rupee-dollar movement and crude oil prices are the key factors which will be monitored keenly.

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Auto Sales
  • Commodity Pick
  • Mutual Fund
  • Key Financial Events
  • Investor Awareness Seminar Pics

Nifty Technical Outlook June: On the monthly chart we are observing a high wave Doji candle which suggests that markets are circumspect at current levels. In current month Nifty has resistance at 10985 – 11134 – 11308 levels whereas on the downside, 10487 – 10337 – 10164 levels. In coming month if Nifty trades above 10836 then it is likely to test 10985 – 11134 – 11308levels. However, if Nifty trades below 10636 then it is likely to test 10487 – 10337 – 10164 levels.

Broadly, we are of the opinion that the monthly bias is positive. However, the monthly trend would turn up if Nifty trades and close above 10985 levels. On the downside 10487 remains crucial support for this month. Hence, if Nifty manages to trade above the mentioned support level then there is possibility that Nifty may test 10985 – 11134 – 11308 levels. Hence, on should adopt cautious positive approach towards the markets.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookMarket OutlookNifty Technical Outlook


Arihant's June Investment Newsletter is now available #ValuePlus.
Click here to download full pdf report.

Search Reports

SEARCH

Reports

Daily Currency Market...

HIGHLIGHTS: The dollar edged...

Read More

Daily Market Update...

On 17/10/2018 markets opened...

Read More

Crude oil NOV Call...

ComDT OPTIONS: Buy Crude oil...

Read More

Daily Market Update...

On 16/10/2018 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: With the...

Read More

GAIL

SHORT TERM TRADING CALL: BUY...

Read More

HAVELLS

SHORT TERM TRADING CALL: BUY...

Read More

CESC

SHORT TERM TRADING CALL: BUY...

Read More

ICICIBANK

SHORT TERM TRADING CALL: BUY...

Read More

NTPC Initiating Coverage

NTPC’s present...

Read More

Subscribe to newsletter

Request a call back

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.