Value Plus

Arihant's Value Plus - November 2018



Market Outlook November: Going ahead, Indian equity markets are expected to remain volatile this month. However, Auto stocks will be in focus as the auto companies will start announcing monthly sales numbers for October 2018 starting from 1 November 2018. Quarterly earnings, macroeconomic data, 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 in the near term. On the global front, US FOMC Meeting Minutes, OPEC-JMMC Meetings, US Manufacturing PMI and US Trade Balance are the major factors which will be tracked by investors.

In this issue:

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

Nifty Technical Outlook November: The two consecutive bear candle on the monthly chart reflects that the undertone in the market is negative. However, a bounce cannot be ruled out from current level.

In coming month if Nifty trades and close above 10580 level then it is likely to test 10881 – 11182 – 11533 levels. However, if Nifty trades and close below 10198 level then it can 9892 – 9591 – 9241 levels. 

Since the monthly trend remains down, we are of the opinion that pullback rallies near 10881 to 11182 are likely to attract selling pressure.  Hence, cautiously positive approach should be adopted in current ongoing pullback rally. However, stock specific activity is likely to continue.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersMarket OutlookFundamental StocksNifty Technical OutlookCommodity Pick


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

Search Reports

SEARCH

Reports

Daily Market Update...

On 19/11/2018 markets opened...

Read More

Daily Currency Market...

HIGHLIGHTS: The dollar...

Read More

Daily Market Update...

Sensex to end with a net...

Read More

Daily Market Update...

On 15/11/2018 markets opened...

Read More

Daily Metal & Agro Buzz:

HIGHLIGHTS: Due to increase...

Read More

ASIANPAINT

SHORT TERM TRADING CALL: BUY...

Read More

SRF

SHORT TERM TRADING CALL: BUY...

Read More

AMBUJA

SHORT TERM HOLDING CALL: BUY...

Read More

KOTAKBANK

SHORT TERM TRADING CALL: BUY...

Read More

UBL

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.