Monthly

Arihant Value Plus January 2019



Going ahead, Indian equity markets are expected to remain positive this month. Macro economic data, developments in the winter session of parliament, 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 also be monitored. Investors will keenly watch the developments in the winter session of parliament. The nearly month-long session which had already begun on 11 December 2018 will continue till the 8th of next month. Auto stocks will be in focus as the auto companies will start announcing monthly sales numbers for December 2018.

In this issue:

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

The current price action on the monthly chart has formed a narrow range body formation with lower wicks. This suggests that a pullback rally is in offing.

In coming month if Nifty trades and close above 10988 level then it is likely to test 11178 – 11363 – 11589 levels. However, if Nifty trades and close below 10737 level then it can test 10547 – 10357 – 10136 levels. 

Broadly we are of the opinion that 10500 to 10350 zone is crucial support for current month as long as Nifty holds the above mentioned zone there is high probability that Nifty would test 11178 – 11363 – 11589 levels on the upside. Hence cautiously positive approach at current level should be adopted.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersCommodity OutlookMarket OutlookFundamental StocksNifty Technical Outlook


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

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