Monthly

Value Plus Aug 2021



In July 2021, Domestic market remained flat with benchmark Nifty and Sensex Index ending the month with 0.26% & 0.20% gain respectively. Nifty tried to move higher supported by the positive global set-up and a decent start to the Q1 FY22 result seasons. However due to concerns of the 3rd wave of Covid-19, sentiments remained subdued due to which Nifty ended on flat note.



On the sectoral front, Nifty Realty and Nifty Metal have outperformed all other major indices with a higher gain of 16.3% and 10.8% respectively. Some other sectors also have shown positive momentum like Nifty IT, Nifty NBFCs and Nifty Smallcap100 by 5.1%, 1.2%, 7.4% respectively. On the other side Nifty Auto, Private bank, Nifty PSU Bank, FMCG, and Nifty Pharma have shown a Negative movement by 6%, 1.4%, 0.5% and 0.1% respectively.

In this issue:

  • Movers and Shakers
  • Market Outlook
  • Nifty Technical Outlook
  • Stock Pick
  • Auto Sales
  • Mutual Fund
  • Key Events
  • Economic Data Wrap Up

On the monthly chart, we are observing two consecutive “Doji” candlestick pattern candle which suggests that markets are cautiously positive at current level. In coming month if Nifty trades and close above 15855 level then it is likely to test 15986 – 16117 – 16270 levels. However, if Nifty trades and close below 15670 level then it can test 15539 – 15408 – 15256 levels. 

At present the monthly trend is up. Hence, any decline in the range of 15539 – 15408 levels should be used to go long for a target of  15986 – 16117 – 16270 levels. Hence, one needs to adopt buy on decline strategy as stock specific move is likely to continue.


Tags: Auto SalesKey EventsMutual FundMovers & ShakersMarket OutlookStock PicksNifty Technical OutlookEconomic Data Wrap Up


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

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