Monthly

Arihant's Value Plus - February 2019



Going ahead, Indian equity markets are expected to remain positive this month. Chances of a rate cut by the Reserve Bank of India’s (RBI’s) in February monetary policy are moderate as  the Budget is inflationary in nature. With 2019-20 Interim Budget announcements are supportive to Middle class income, consumption stocks like FMCG, Realty and Auto will be in focus

In this issue:

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

The current price action on the monthly chart has formed a narrow range body this suggests indecisiveness prevailing at current levels.

In coming month if Nifty trades and close above 10911 level then it is likely to test 11029 – 11147 – 11284 levels. However, if Nifty trades and close below 10750 level then it can 10632 – 10514 - 10377 levels. 

Broadly we are of the opinion that 10500 is crucial support for current month as long as nifty holds the above mentioned zone there is high probability that nifty would test 11029 – 11147 – 11284 levels on the upside. Hence cautiously positive approach at current level should be adopted


Tags: Auto SalesKey EventsMutual FundNifty TechnicalMovers & ShakersCommodity OutlookMarket OutlookStock Picks


Arihant's Januray Investment Newsletter is now available #ValuePlus.
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