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 market is expected to remain in consolidation mode until it gives a decisive close above short-term moving averages. Below are some short-term trading ideas to consider.
Consolidation is expected to continue in the upcoming sessions, with resistance and support at last week's high-low. Below are some short-term trading ideas to consider.
The market is likely to continue trading in a range within last Thursday’s high and low. Below are some short-term trading ideas to consider.
The rangebound trade is expected to continue in the upcoming session, though the overall trend remains positive. Below are some trading ideas for the near term.
Experts expect the Nifty 50 to continue its upward journey towards the 24,700-24,800 zone, though some consolidation is likely. Above this range, the level to watch is 25,000, while on the downside, 24,300-24,200 is the key support area. Here are some trading ideas for the near term.
Primary trend of CCL Products has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
RITES was also in action, rising 5.7 percent to Rs 371 and formed strong bullish candle on the daily timeframe with above average volumes. The stock held above all key moving averages since the breaking out of long downward sloping resistance trendline adjoining highs of November 4, 2022 and February 1, 2023.
For the Nifty, support is at 18,325–18,245, while on the upside, 18,800-18,888-19,000 will be the next resistance levels
Commodities will be the biggest gainers and as long as the geopolitical heat continues, it will be the dominating market theme, Axis Securities said.
For the coming week, Ruchit Jain of 5paisa.com says 17,500 will now be seen as the important support while a move above 17,700 could again lead to a buying interest amongst market participants and take the index towards 17,900-18,000
Traders should remain nimble-footed and vigilant while deciding on stocks to buy for the trading. Risk measures should be taken properly before taking big position in swing trading, said Vinay Rajani of HDFC Securities
A more-dovish-than-expected monetary policy by the central bank and the easing of Omicron concerns helped the bulls to retain control.
Globally the Robusta Coffee futures and London cocoa futures are used as the benchmark for the pricing of physical Robusta Coffee and physical cocoa, respectively.
Nifty may hit 16,300 once the short-term hurdle of 15,900 is taken out. Short-term trend of the Nifty would remain bullish till it holds above 15,500, said Vinay Rajani of HDFC securities
Most experts say the rally is expected to continue in broader space, as both midcap and smallcap indices are still below their record highs of January 2018.
With midcaps and smallcaps expected to outperform largecaps, especially after September quarter earnings, this is the right time to build a portfolio, analysts have said.
Neeraj Chadawar of Axis Securities believes that market volatility is likely to provide good opportunities for Midcaps and Small caps.
Axis Securities added ITC and CCL products in its list of top picks as it sees value buying and small cap allocation increasing, while the brokerage dropped Aarti Industries and Escorts from its list.
The broader markets also traded in line with benchmark indices as the BSE Midcap index gained 35 percent and Smallcap index rose 40 percent.
We recommend to buy CCL Products (India) around Rs 220-225 levels with a stop loss of Rs 207.
Rajiv Trust (promoter) bought 25,639 shares of Bajaj Holdings & Investment through market purchase on July 30, 2018 while Rajpal Singh Kochhar (promoter) bought 1,200 shares of Jagsonpal Pharmaceuticals through market purchase on July 30, 2018.
Mitessh Thakkar of mitesshthakkar.com suggests selling Jubilant Food, Torrent Pharma and CCL products and advises buying Anant Raj Industries.
In an interview to CNBC-TV18's Prashant Nair and Sumaira Abidi, Rahul Arora, CEO at Nirmal Bang Institutional Equities shared his readings and outlook on market and specific stocks.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - M&M, Tata Motors, Bajaj Auto, CCL Prodcuts, Dishman Pharma, Shree Renuka Sugars, Chennai Petro, MRPL & Cholamandalam Investment.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy CCL Products, IOC and GMDC and advises selling Apollo Tyres and Mindtree.