Value Plus

Arihant's Value Plus - August 2018



Market Outlook August: Going ahead, Indian equity markets are expected to remain positive this month. The main focus of investors will be on RBI’s monetary policy statement.  Investors will also track the Monsoon Session of the Parliament closely after a no-confidence motion against the government. Developments in the Monsoon Session of the Parliament, Q1FY19 earnings of corporate bigwigs, macroeconomic data, Q1FY19 GDP, movement in global markets, rupee-dollar movement and crude oil prices will be monitored keenly. On the global front, US FOMC meeting, BoE Monetary Policy, ECB monetary policy meeting minutes and OPEC meeting are the major factors which will be tracked by investors.

In this issue:

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

Nifty Technical Outlook August: The current price action on the monthly chart reflects that the undertone in the market is positive.

In coming month if Nifty trades and close above 11502 level then it is likely to test 11724 – 11946 – 12205 levels. However, if Nifty trades and close below 11120 level then it can 10988 – 10766 – 10508 levels. 

Broadly, the monthly trend remains up and buy on decline strategy has to be adopted. Hence, any corrective move toward 10988 – 10766 should be used as a buying opportunity for upside targets of 11724 – 11946 –12205 levels in couple of months.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookMarket OutlookNifty Technical OutlookFundamental Pick


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

Search Reports

SEARCH

Reports

Daily Market Update...

On 18/12/2018 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: For procurement...

Read More

Daily Currency Market...

HIGHLIGHTS: The U.S. dollar...

Read More

Daily Market Update...

On 17/12/2018 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: The U.S....

Read More

BAJFINANCE

SHORT TERM TRADING CALL: BUY...

Read More

DELTACORP

SHORT TERM TRADING CALL BUY...

Read More

HDFCAMC

SHORT TERM TRADING CALL: BUY...

Read More

Marico Initiating...

Marico is the market leader...

Read More

MGL

SHORT TERM TRADING CALL: BUY...

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.