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 may consolidate for a couple of sessions after the recent sharp rally, though the overall sentiment remains healthy. Below are some short-term trading ideas to consider.
The market is expected to be rangebound as long as it defends last week’s low in the upcoming sessions. Below are some trading ideas for the near term.
After the MPC outcome, the benchmark indices saw a rush to book profits, that drove the BSE Sensex down 493 points to 71,659, and the Nifty 50 down 137 points to 21,793, forming a bearish candlestick pattern on the daily charts
The Nifty50 index is now more than 18 percent up from its June lows and is gradually gathering steam to reclaim 18,000 mark with crucial support at 17,500, experts said
Japanese brokerage firm Nomura says the Supreme Court judgment favours banks and is positive for SBI and ICICI Bank.
The benchmark indices continued their rally for the sixth consecutive session on November 1, with Sensex touched a fresh all-time high of 40,392.22.
In the last week, the S&P BSE Midcap index shed 0.57 percent, Smallcap Index fell 1.55 percent, while S&P BSE Largecap Index was up 0.84 percent in the week gone by.
Investor wealth saw an erosion of over Rs 6 lakh crore on the BSE in the past seven trading session dragged down by massive selling in the stock market where the S&P BSE Sensex tumbled by as much as 1,340 points.
Ruchit Jain of Angel Broking suggests buying Exide Industries with a target of Rs 234.
Ashwani Gujral of ashwanigujral.com recommends buying Central Bank of India, Motilal Oswal, Raymond, V-Guard Industries and EID Parry.
Ashwani Gujral of ashwanigujral.com recommends buying Future Consumer, Central Bank of India and Britannia Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank, Titan Company, L&T Finance Holdings and Kajaria Ceramics and feels that Central Bank of India may rally to Rs 120.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Prudential, Ashok Leyland and Central Bank of India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy GSFC and NTPC and can sell Central Bank of India, Tata Motors DVR and Manappuram Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Ceat, Central Bank of India and Motherson Sumi and can sell HPCL and SRF.
Ashwani Gujral of ashwanigujral.com recommends buying Welspun Corp, Interglobe Aviation and Pidilite Industries and advises selling Central Bank of India and Fortis Healthcare.
Ashwani Gujral of ashwanigujral.com suggests buying PC Jeweller, IndusInd Bank and Central Bank of India.
The trend indicates that there may be some more buying into the system in the coming session.
Prakash Gaba of prakashgaba.com is of the view that one can buy Escorts and Central Bank of India looks good while Indiabulls Housing Finance can slide to Rs 815.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Hindalco Industries, Central Bank of India and Delta Corp.
Gaurav Ratnaparkhi of Sharekhan advises buying CESC with a target of Rs 655.
Mitesh Thacker of miteshthacker.com recommends buying Mahindra & Mahindra Financal Services, Apollo Tyres and AIA Engineering.
SP Tulsian of sptulsian.com recommends booking profits in Dena Bank and Central Bank of India.
Ashwani Gujral of ashwanigujral.com recommends selling Wockhardt and BEML and advises buying Central Bank of India.
Ashwani Gujral of ashwanigujral.com recommends buying Ahluwalia Contracts and Central Bank and feels that one can buy Havells India, Biocon and M&M Financials Services on correction.