Value Plus

Arihant's Value Plus - December 2018



Market Outlook December: Going ahead, Indian equity markets are expected to remain positive this month. The outcome of the Reserve Bank of India's (RBI) monetary policy meeting, assembly elections, domestic and global macroeconomic data, trend in global markets, the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the near term. Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored. Auto stocks will be in focus as the auto companies will start announcing monthly sales numbers for November month starting from 1 December 2018. Monetary Policy Committee (MPC) will meet during 3 to 5 December 2018 for the Fifth Bi-monthly Monetary Policy Statement for 2018-19. The resolution of the MPC will be announced on 5 December 2018. On the global front, investors are awaiting outcome of the two-day G-20 summit in Argentina. Trade will be high on the agenda at the G20. Investors will monitor talks between the United States and China for any signs of a breakthrough that would ease tensions and help avoid more tariffs.

In this issue:

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

Nifty Technical Outlook December: The current price action on the monthly chart has formed a positive candle which suggests that prior downfall is losing breath.

In coming month if Nifty trades and close above 10989 level then it is likely to test 11158 – 11328 – 11525 levels. However, if Nifty trades and closes below 10764 level then it can 10594 – 10425 – 10228 levels. 

Broadly we are of the opinion that 10600 to 10400 zone is crucial support for current month as long as Nifty holds the above mentioned zone there is high probability that Nifty would test 11300 – 11450 levels on the upside. Hence cautiously positive approach at current level should be adopted.


Tags: Technical StocksAuto SalesKey EventsMutual FundMovers & ShakersMarket OutlookNifty Technical OutlookCommodity Pick


Arihant's December 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.