Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
The momentum is expected to sustain in the upcoming session, though some profit booking at higher levels cannot be ruled out. Below are some short-term trading ideas to consider.
The market is expected to trade with a positive bias, albeit within a likely rangebound zone. Below are some short-term trading ideas to consider.
Market sentiment is expected to remain positive. Below are some short-term trading ideas to consider.
The market mood is likely to remain upbeat in the upcoming session. Below are some trading ideas for the near term.
Given the prevailing negative sentiment, the trend in benchmark indices is expected to favour bears in the upcoming sessions. Below are some trading ideas for the near term.
Oscillators have reached the overbought zone on the daily and weekly charts for the Nifty. However, unless important support breaks on the price charts, a trend reversal would not be confirmed
PNB Housing Finance was in focus, rising more than 4 percent to Rs 444, which was one month high, and formed robust bullish candle on the daily charts with large volumes for second consecutive session.
Godfrey Phillips India was also in action, rising 7.5 percent to Rs 1,410.5, the highest closing level since January 27, 2020. It has seen formation of robust bullish candle on the daily charts, which engulfing previous day's red candle, with large volumes.
Aditya Birla Capital has broken down from the upward sloping trendline on the daily chart, adjoining the lows of May 16 and May 26, 2022. The stock price is forming lower top lower bottom formation on the weekly chart.
Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility
Overall, the market is in a sideways mode, we feel that the Nifty will move in range of 17,185–17,842 in the coming days, said Vidnyan Sawant of GEPL Capital
On the occasion of Dussehra, experts list out 10 fundamental picks that can be considered for buying. HDFC, Affle (India) figure on the list.
The second wave of COVID-19 infections and its likely impact on earnings and the economy in the first quarter of FY22 could be capping the upside for the market. However, stock-specific opportunities are expected to continue, say experts.
As of December 28 close, the BSE Sensex is up about 15 percent while the BSE Midcap index has gained 19 percent and the Smallcap index 31 percent in the calendar year 2020.
The focus of the traders should be on mid and smallcaps that are likely to continue their outperformance for the coming weeks and months.
Government has launched eNAM — an online trading platform, to optimize the use of fertilizers by distribution of Soil Health Cards to farmers.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy M&M with a stoploss of Rs 766 and target of Rs 799.
Here is a list of top three stocks which can give up to 10% return in the short term.
Here is a list of top 10 ideas priced less than Rs 1,000 which can deliver up to 17% return in the short-term.
"The scrip is now facing a resistance at Rs 402 levels and support level at Rs 355 on pivot points. We have a BUY recommendation for Deepak Fertiliser which is currently trading at Rs 373.50," says Dinesh Rohira, Founder & CEO at 5nance.com.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 60 points or 0.57 percent. Nifty futures were trading around 10,443-level on the Singaporean Exchange.
Ashwani Gujral of ashwanigujral.com is of the view that Jubilant Food is likely to rally to Rs 2,350 while NIIT Technologies may test Rs 700.
Shahina Mukadam, Independent Market Expert is of the view that one may sell L&T Finance Holdings with a target of Rs 165.
Pankaj Jain of SW Capital is of the view that one may buy HEG with a target of Rs 2215.