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.
Moneycontrol collated a list of top 10 rate sensitive stocks from experts with a 3-4-week perspective after the Reserve Bank of India slashed cash reserve ratio by 50 bps.
The RSI Smoothened indicator that recently witnessed a dip has turned northward and is flashing fresh buy signals. In the week beginning April 1, close attention will be paid to the all-time high levels above 22,500, as hesitation was evident at these levels
Traders should keep a close eye on key support (21,500) and resistance levels (22,000–22,100) and remain flexible in their trading strategies,
If the Nifty 50 breaks the low of this month around 21,300, the crucial support, then further correction towards 21,000 mark can't be ruled out, while 21,850 will be crucial for further upside in the 'sell on rally' market, experts said
Vinay Rajani of HDFC Securities expects markets to perform well in the coming times and dips should be utilised to go long as far as positional trades and investments are concerned.
It is the time to increase the exposure in largecaps and reduce in midcaps. Risk reward does not seem favourable in mid and smallcaps.
A significant breakthrough above the 19,500 mark could potentially trigger a rally towards higher levels.
Experts are not worried due to this market fall, in fact, it gives an opportunity to pick quality stocks including rate sensitive stocks on dips.
The psychological mark of 20,000 that was just missed last week remains an immediate hurdle, followed by the golden retracement target of 20,100 – 20,200
Primary trend of EIH is positive as it is trading above its 50, 100 and 200 days EMA. We expect stock price to end consolidation and resume its uptrend in the days to come.
Among sectors, FMCG, IT, pharma lost more than 2 percent, while metal and energy index seen some buying.
Midcap and smallcap indices gained 7.3 percent and 6.3 percent, respectively.
Ashwani Gujral of ashwanigujral.com suggests buying Punjab National Bank, Bank of Baroda and Canara Bank.
The top loser in Nifty50 Index were Indiabulls Housing Finance followed by Bajaj Finance and State Bank of India while the stocks that hit new 52-week low on the Nifty were Amara Raja Batteries, Wockhardt and Reliance Communications.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Discussing the reports of Kotak Mahindra Bank approaching government for a possible merger with Axis Bank, SP Tulsian of sptulsian.com said that the government could be looking to divest its stake, as with IDBI Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer Punjab National Bank or Bank of Baroda.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Strides Arcolab, Tata Steel, Jubilant Foodworks, Pc Jeweller, Subex, Bank of Maharashtra, Amtek Auto, Kokuyo Camlin & Nectar Life.
Sudarshan Sukhani of s2analytics.com recommends exiting Bank of Maharashtra.
Rajesh Agarwal, Head of Research, Eastern Financiers Limited suggests sell Allahabad Bank at this point of time and switch to Bank of Maharashtra.
Sudarshan Sukhani of s2analytics.com advises to avoid Bank of Maharashtra at current levels.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares his trading strategies for the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Bank of Maharashtra is looking good at current levels, says SP Tulsian, sptulsian.com.