Value Plus

Arihant's Value Plus - May 2019



Markets have continued to remain volatile led by mixed global cues and anticipation of election results. We expect the volatility to increase going forward. Domestically, macros have improved in terms of lower inflation, possibility of further cut in interest rates by RBI, reduction of border tension between India and Pakistan as well as expectations of healthy earning by companies going forward.  Among the sectors one can focus on banks, Parma, IT services, metals.

In this issue:

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

On the monthly chart, after a strong bull candle we are observing a narrow range body formation which suggests indecisiveness prevailing at current levels.

In coming month if Nifty trades and close above 11812level then it is likely to test 11901 – 11991 - 12095 levels. However, if Nifty trades and close below 11684 level then it can 11594 – 11505 – 11400 levels. 

Broadly, the monthly trend remains up and any corrective move near 11594 – 11505 buying is likely to emerge. In such scenario Nifty may test 11901 – 11991 - 12095 levels.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersMarket OutlookStock PicksNifty Technical OutlookCommodity Pick


Arihant's May 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.