Value Plus

Arihant's Value Plus - December 2016



Market Outlook December: Going ahead, Indian equity markets will continue to remain volatile this month due to major events i.e. Italy referendum on December 4, RBI monetary policy review on December 7, ECB monetary policy on December 8, US Fed meeting outcome on December 14 and the development in ongoing winter session that will be keenly watched for market direction. Further, the dollar-rupee movement, macroeconomic events, movement in crude oil prices, foreign fund inflows, and upcoming Q3FY17 corporate earnings are also likely to affect equity markets. The liquidity concerns arise from the demonitisation is likely to slow demand in short term and impact equity markets. We recommend investors that don’t change perception by these short term fluctuations and see market corrections as an opportunity to invest in fundamentally sound companies.

In this issue:

  • Movers & Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Fundamental Picks
  • Auto Sector Nov Sales
  • Commodity Outlook
  • Mutual Fund
  • Key Financial Events

Nifty Technical Outlook December: On the monthly chart we are observing a bear candle which suggests that the undertone is bearish. In the coming month if Nifty trades and closes above 8366 level then it is likely to test 8586 – 8806 – 9062 levels. However, if Nifty trades and closes below 8082 level then it can test 7863 – 7643 – 7387 levels. 

Broadly, we are of the opinion that the monthly trend remains down and any breach of 8082 on closing basis would signal weakness. In such scenario, Nifty may breach the prior bottom of 7916 or even extent its losses to 7643 7387 levels.


Tags: Key EventsMutual FundMovers & ShakersAuto SectorCommodity OutlookMarket OutlookFundamental Stocks


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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.