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 Nifty 50 is expected to range between 18,000 and 18,400 in the F&O expiry week, experts said, and all eyes are on the banking sector.
The only concern is the banking index, which has shown a relative underperformance. But this index is still in a consolidation phase, and there's a good probability of some buying interest emerging. This would further support the benchmark, says one analyst.
Moody's Investors Service cut its growth forecast for India to 5.3 percent for 2020 from 5.4 percent estimated earlier.
The government consistently focuses on development of smart cities across country, especially since they came in to power in 2014.
Maybank Kim Eng feels a more broad-based participation of stocks and sector rotation is a more likely trend in 2020.
'Better farm income coupled with the measures taken by the government and RBI will help improve demand conditions'
The market traded in a range last week amid weak macro data, but inline performance of India Inc helped the Nifty close near its crucial support of 11,900.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Auto with stop loss at Rs 2998 and target of Rs 3058, HCL Tech with stop loss at Rs 1010 and target of Rs 1048 and HDFC Bank with stop loss at Rs 2238 and target of Rs 2275.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finance with stop loss at Rs 2810 and target of Rs 2850, Pidilite Industries with stop loss at Rs 1168 and target of Rs 1192 and UPL with stop loss at Rs 902 and target of Rs 926.
Elara said NBFCs are expected to bear the brunt of tightening liquidity, down 18.6 percent YoY, whereas banks would benefit, up 69 percent YoY, due to improving credit deposit ratios and improvement in pricing power, given the stress in the NBFC space.
We believe that the stock is likely to continue with its positive momentum and head towards Rs 1550 in the medium-term, says Dharmesh Shah of ICICIdirect.com.
The weekly 14-periods RSI has been inching upward after recently recording bullish crossover, indicating an acceleration of positive momentum in the short term, says Dharmesh Shah of fICICIdirect.com Research.
In the current scenario, as the Nifty has already corrected in the last two sessions, we expect the index to maintain the rhythm and the current corrective consolidation to mature in the coming 1-2 sessions
Among momentum oscillators, the weekly stochastic oscillator has been inching upward after recently recording bullish crossover, indicating acceleration of positive momentum in the short term.
Dharmesh Shah of ICICIdirect.com does not expect the Nifty to breach its immediate support of 10,200
We recommend investors to accumulate ABB in the range of Rs 1,390-1,423 for the upside target of Rs 1,540, and a stop loss placed below Rs 1,360, says Nandish Shah of HDFC Securities.
Rajesh Agarwal of AUM Capital recommends buying Can Fin Homes with stop loss at Rs 252 and target of Rs 274 and Lakshmi Vilas Bank with stop loss at Rs 82 and target of Rs 90.
Nandish Shah of HDFC Securities advised investors to go long in Nifty with a stop loss of 10,800 levels
In the current market scenario one should avoid leveraged positions and investors should diversify their portfolios, said Ajay Jaiswal of Stewart & Mackertich Wealth Management
Rahul Mohindar of viratechindia.com is of the view that one can sell Tata Consultancy Services with target of Rs 2085 and stop loss at Rs 2085 and buy Dr Reddy's Laboratories with target of Rs 2680 and stop loss at Rs 2460.
A sustained trade above 11,264 can trigger a pullback taking it to levels of 11,600-11,750. However, failure to hold support levels of 11,265-11,260 can extend Nifty to 11,200-11,175, says Aditya Agarwala of YES Securities
The approach of having a decent mix of debt and equity in one’s portfolio is an important thing to balance the repercussions arising out of unstable times.
We recommend buying ABB for the upside target of Rs 1,480, keeping a stop loss below Rs 1,300, says Nandish Shah of HDFC Securities.
We believe that the short-term trend for Nifty is bearish and could see downside levels of 11,340 and 11,200. A Stop loss in Nifty shorts should be kept at 11,620.
The sharp up move in the last three sessions from the support area has seen the index almost testing their embarked target of 11,600.