Value Plus

Arihant's Value Plus - July 2018



Market Outlook July: Going ahead, Indian equity markets are expected to remain volatile this month due to fear of global tensions. The focus of investors will be on trend in global stock markets and crude oil prices. Any fluctuation in the rupee versus the dollar is also expected to lend direction to the equity markets. The focus will also shift to the progress of the monsoon and the Apr-June corporate earnings. The corporate earnings season begins this month with IT blue-chip Infosys announcing its Q1FY19 results on July 13. Further, Q1FY19 corporate earnings, macroeconomic data, US FOMC meeting minutes, ECB monetary policy, BOJ Monetary Policy, FIIs and DIIs trend, bond yield, rupee-dollar movement and crude oil prices are the major factors will also remain on investors' radar.

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Technical Stock
  • Fundamental Stock
  • Auto Sales
  • Commodity Pick
  • Mutual Fund

Nifty Technical Outlook July: The current price action on the monthly chart has formed two consecutive narrow range body formations which suggest indecisiveness prevailing at current level.

In coming month if Nifty trades and close above 10783 levels then it is likely to test 10883 – 10984 – 11100 levels. However, if Nifty trades and close below 10664 level then it can 10544 – 10444 – 10327 levels.

Broadly, we are of the opinion that for current month 10540 is a make or break level. If Nifty holds 10540 levels, there is high probability that Nifty may test 10883 – 10984 - 11100 levels. Hence one needs to keep a bull stop at 10540 for all long positions. 

 


Tags: Auto SalesMutual FundMovers & ShakersCommodity OutlookMarket OutlookNifty Technical OutlookTechnical PickFundamental PickRM SeedGodrej IndGrasim Ind


Arihant's July 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.