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
Given the favourable technical indicators, the uptrend is likely to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Rangebound trading is expected to continue, with key support near the low of last Thursday. Below are some short-term trading ideas to consider.
The benchmark indices are likely to be rangebound in the upcoming sessions. Below are some trading ideas for the near term.
The market needs to record a strong follow-up rally to confirm the change in trend. Until then, it seems to be in a consolidation phase. Below are some trading ideas for the near term.
Overall, the sentiment remains in favour of bulls despite Wednesday's consolidation. Below are some trading ideas for the near term.
The market is expected to remain consolidative with a negative bias. Below are some trading ideas for the near term.
Experts suggest that the immediate resistance is likely at 24,850 for the Nifty 50, followed by 24,950, while 24,500 is expected to act as crucial support for the current rally. Here are some trading ideas for the near term.
Experts expect the Nifty 50 index to take support at the 22,600-22,500 zone, and above these levels, there is a possibility of a resumption of the upmove towards the 23,000 mark. However, below 22,500, a sharp downward move can't be ruled out.
Traders are advised to maintain a cautious approach with regards to long positions.
One should keep a note of FII’s long short ratio in index futures is around 66 percent (till Thursday). Once this ratio crosses the 70 percent mark, markets might start preparing for a temporary short-term top formation.
Sameet believes traders can find ample opportunities in the beaten spaces and for investors, this decline would provide opportunity to accumulate quality stocks in a staggered manner.
In coming sessions, 17,700-17,800 levels (5 and 21 EMA) are expected to be next resistance area for the index and if the said levels get passed then psychological 18,000 mark which coincides with 20-day SMA is likely to be a crucial hurdle, with the support at 17,400-17,255 area
Voltas closed nearly 3 percent higher at Rs 842.35 apiece on Thursday and formed long bullish candle on the daily charts with strong volumes
We expect the ZEEL share price to go higher till the level of Rs 308 where the stop-loss must be at the level of Rs 237 on the closing basis, said Vidnyan Sawant, AVP - Technical Research at GEPL Capital
On daily charts, United Spirits has formed a double bottom formation. After that formation, the stock bounced back sharply. On last Thursday it rallied over 5 percent. However, the short term texture of United Spirits is still non-directional.
Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility
Crompton Greaves Consumer Electrical, falling 4.91 percent to Rs 407.45 per share, was the top loser in the NSE derivative segment. The scrip had gained nearly 13 percent in previous four sessions.
On the daily charts, Crompton Greaves has given a breakout of A-B-C pattern with volume confirmation which shows positive undertone of the stock for the short to medium term.
Brokerage firm William O'Neil India pointed out PLI scheme of the government aims at providing incentives to the companies with a vision of making India a hub for manufacturing and exports.
Price-wise/time-wise correction within Nifty tends to provide buying opportunities with sector churning theme dominating headline.
One should always avoid investing in bad quality businesses because as is said a rising tide lifts all the boats but the end outcome is always bad in investing if one ignores the quality aspect, Shailendra Kumar of Narnolia advised.
The Q2FY21, so far, witnessed robust numbers from IT, Pharma, Auto components, select banks, and cement sector companies.
In the coming months, the broader markets will outperform the benchmarks if the growth comes back on track, say experts.
Bank Nifty has now immediate hurdle placed at 22,500, above which, it can move towards 22,750 levels as well in the coming sessions.
The market's valuations have turned higher than long-period average and investors should be cautious and selective in picking stocks, say experts .