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 biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
Support for Nifty is placed at the lower band of the rising channel pattern which is placed near 17,000 on the daily timeframe, said Rohan Patil of Bonanza Portfolio
For this week, the immediate levels can be seen around 14,400-14,550, whereas on the lower side, the cluster of supports can be seen at 14,300-14,150-14,000.
The final/official list of large, mid and small-caps will be released by AMFI by the first week of January 2021, which will be effective for the February-to-July 2021 period.
YES Bank, Adani Enterprises, PI Industries, Hind Aeronautics and Jubilant FoodWorks are the stocks that have a high probability of being included in the largecap category from the midcap category.
PSU stocks have had a most forgettable year in 2020, with the Nifty PSE index declining about 30 percent since January. 2020.
On the downside now, strong supports would be in the range of 9,050 levels near the 50-day average and any decline near 9,250 would be a good opportunity to add longs.
Nifty Bank index has lost around 3 percent from the previous week and is trading just below 20,000-mark.
Mitesh Thakkar of miteshthakkar.com recommends selling Bharat Forge with a stop loss of Rs 376 for target of Rs 350 and Britannia Industries with a stop loss of Rs 2840 for target of Rs 2720.
Mitesh Thakkar of miteshthakkar.com suggests selling Bajaj Finserv with a stop loss of Rs 9450 for target of Rs 9240 and Container Corp with a stop loss of Rs 526 for target of Rs 495.
Sudarshan Sukhani of s2analytics.com advises selling Adani Power with a stop loss of Rs 58, target of Rs 54.
Ashwani Gujral of ashwanigujral.com recommends buying M&M Financial Services with a stop loss of Rs 380, target of Rs 405 and BPCL with a stop loss of Rs 490, target of Rs 515.
Sustained move above high 12,300 levels will push prices higher towards Fibonacci extension mark of 12,400 which coincides also with the cup and handle pattern targets
NTPC reacted to the brokerage call and rallied 1.6 percent intraday on December 12.
It is better to remain stock-specific and opt for stocks that have potential to rise rather than the ones that are overbought
Sudarshan Sukhani of s2analytics.com recommends selling Tata Motors with stop loss at Rs 164 and target of Rs 157 and Motherson Sumi Systems with stop loss at Rs 134 and target of Rs 122.
For the markets to extend the recent euphoria, the Nifty will have to clear the 11,700-mark.
Nifty remains in an uptrend in the medium term, so buying on dips continues to be our preferred strategy
We expect markets to consolidate in the range of 11,800-12,100. Any decisive move beyond this range will add further momentum into the prices.
A sustained trade above 11,975 may resume the uptrend taking Nifty higher to levels of 12,100-12,140
Around 134 out of 776 smallcap stocks closed in the green and out of which top 10 stocks rallied between 8 percent and 33 percent
Jagannadham believes buying will sustain in quality mid-caps and small-caps.
Sudarshan Sukhani of s2analytics.com advises buying ICICI Bank with a stoploss of Rs 355 and target of Rs 368.
Kotak advises buying Adani Ports with a target price at Rs 390 as it believes that the company is better placed to benefit from the uptick in gateway and transshipment volumes
Experts said there could be some volatility going ahead due to RBI monetary policy meeting, as well as the outcome of state elections.