Value Plus

Arihant's Value Plus - September 2018



Market Outlook September: Going ahead, Indian equity markets are expected to remain positive this month. Domestic and global macroeconomic data will dictate trend of the market. Auto stocks will be in focus as the auto companies will start announcing monthly sales numbers for August 2018 starting from 1st week. Trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses this month. On the global front, the Caixin China General Manufacturing PMI, US ISM manufacturing PMI and US ISM non manufacturing PMI 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 September: The current price action on the monthly chart has formed two consecutive bull candles which suggest that momentum on the upside is likely to continue.

In coming month if Nifty trades and close above 11783 level then it is likely to test 11937 – 12090 – 12269 levels. However, if Nifty trades and close below 11577 level then it can 11424 – 11270 – 11092 levels. 

Broadly, we are of the opinion that the monthly trend is up. Hence as long as Nifty holds 11265 level there is a possibility that Nifty may test 11937 – 12090 – 12269 in couple of months.


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


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

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