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
Rangebound trading is expected to continue until the benchmark indices trade below the previous week’s high. Below are some short-term trading ideas to consider.
The negative trend is expected to prevail in the market. Below are some short-term trading ideas to consider.
The upward journey amid rangebound trading is expected to continue if the market defends the previous day's low. Below are some short-term trading ideas to consider.
Overall, the index has still been in the range with 19,750-19,800 likely to act as a crucial resistance as breaking of the same can drive the Nifty50 towards 20,000 mark, whereas 19,500 is expected to be immediate support and 19,200 may be crucial support for the index, experts said
HDFC Bank saw the most action on April 4 and was the biggest Nifty50 gainer, rising 10 percent to Rs 1,656.80 on the announcement of HDFC merger
Banking and financial stocks, especially from the mid and small-cap spaces, have taken a beating of late.
Nifty should be held long with a stop loss of 14,700. Upside targets for Nifty are seen at 15,300 and 15,450.
The BSE small-cap index added 1.13 percent, BSE large-cap index was up 0.27 percent and the BSE mid-cap index rose 0.29 percent while in the past week.
Rajat Bose of rajatkbose.com recommends buying Ashok Leyland with stop loss below Rs 80.75 for target of Rs 90 and Aditya Birla Capital with stop loss below Rs 103.30 for target of Rs 112 and Rs 114.
The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week.
VK Vijaykumar of Geojit Financial Service feels the proposed AIF is better than the earlier one since this also includes projects referred to NCLT.
Midcap Index is near the breakout level of the downward trendline and once it takes out 18,200 level we can expect a sharp pullback on the index level, says Arpan Shah
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Rajesh Agarwal of AUM Capital recommends buying PVR with stop loss at Rs 1482 and target of Rs 1560, Jubilant Foodworks with stop loss at Rs 1298 and target of Rs 1365 and Godrej Properties with stop loss at Rs 680 and target of Rs 723.
Morgan Stanley said in its view, the existence of the NBFC/HFC business model is not under threat as these companies lend to diverse sections of the economy.
Tight liquidity conditions combined with specific credit issues (IL&FS) led to a big reset for NBFCs as well as housing finance companies (HFCs).
Traders can accumulate the stock in the range of Rs 255-265 for the target of Rs 286 with a stop loss below Rs 247, says Rupak De of Bonanza Portfolio.
Rajesh Agarwal of AUM Capital recommends buying PVR with stop loss at Rs 1372 and target of Rs 1420, Vindhya Telelink with stop loss at Rs 1500 and target of Rs 1590 and Navin Fluorine with stop loss at Rs 718 and target of Rs 785.
Going forward, on an immediate basis, Nifty is expected to find support at the 11,300 level which is 38.20% Fibonacci retracement of the previous rally from 10557 to the all-time high.
Rajesh Agarwal of AUM Capital recommends buying Edelweiss Financial with stop loss at Rs 288 and target of Rs 310, Yes Bank with stop loss at Rs 385 and target of Rs 405 and Apollo Hospitals with stop loss at Rs 1164 and target of Rs 1214.
Only 15 of nearly 30 companies in Jhunjhunwala’s portfolio released their shareholding data for the quarter-ended June till now. Of the 14 companies, only two have delivered positive returns.
“If the Nifty continues to trade below the hurdle of 10,920-10,850 levels, then brace for a weekly rangebound target of 10,570 levels on the downside and 10,820 on the upside,” Dinesh Rohira of 5nance.com
Rajesh Agarwal of AUM Capital recommends buying Cipla with stop loss at Rs 604 and target of Rs 632, Colgate Palmolive with stop loss at Rs 1165 and target of Rs 1208 and Tata Motors with stop loss at Rs 261and target of Rs 279.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla with stop loss at Rs 605 and target of Rs 635, Kotak Mahindra Bank with stop loss at Rs 1300 and target of Rs 1360 and Godrej Consumer Products with stop loss at Rs 1160 and target of Rs 1190.
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 514 and target at Rs 533, Larsen & Toubro with stop loss at Rs 1350 and target at Rs 1408 and Mahindra & Mahindra Financial Services with stop loss at Rs 485 and target at Rs 519.