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 likely to consolidate further and may attempt to surpass last Thursday's swing high. Below are some short-term trading ideas to consider.
The key indices are likely to consolidate and remain range-bound in the upcoming sessions. Below are some trading ideas for the near term.
The market is expected to gain strength soon amid ongoing range-bound trading. Below are some trading ideas for the near term.
The market may extend its upward journey, but sustainability is the key to watch, given the elevated volatility. Below are some trading ideas for the near term.
Overall, the market is likely to remain positive as long as it sustains above all key moving averages. Below 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.
Despite elevated volatility, the market is expected to maintain an upward journey in the coming sessions, along with intermittent consolidation.
The market is anticipated to display sideways movement with increased volatility.
Experts expect the Nifty 50 to focus on 21,800-22,000 levels in coming weeks after ongoing consolidation, while taking support at 21,700-21,500 levels and advising buy on dips strategy
Mazagon Dock Shipbuilders has seen a breakout of falling resistance trendline as well as horizontal resistance trendline, and traded above all key moving averages, which is a positive sign.
The Nifty is expected that the Nifty will likely continue to trade sideways, as long as it sustains within the range of 19,200 to 19,500, implying a range bound trades unless there is a directional breakout
Divis Laboratories continued to see healthy volumes for yet another session. It jumped 3.7 percent to Rs 3,385.8, the highest closing level since May 10 and formed long bullish candlestick pattern on the daily scale for second consecutive session.
Divis Laboratories shares jumped 10 percent to Rs 3,212, the highest closing level since February 2, and formed strong bullish candle on the daily charts with robust volumes. The strong rally has taken the stock above 50 and 100-day EMA).
Experts feel the 17,800-18,200 range is expected to break on either side after the announcement of the Budget, hence, if the Nifty breaks 18,200, then 18,500 is the level to watch out for
The banking index has been showing outperformance and is continuing its uptrend after some consolidation. Among private sector banks, Axis Bank is showing strength and has given a breakout above its previous swing high resistance.
Given the subdued environment, the index may touch its August lows of around 17,150 and if that gets broken, then falling below psychological 17,000 mark can't be ruled out in coming sessions, with hurdle on the upside at 17,700-17,800 levels
Until the decisive breakout is not seen on the Nifty, one should expect a rangebound movement and focus on stock-specific action, Sameet Chavan of Angel One advised
Experts feel the mood at street turned more cautious and nervous after Friday's sharp fall and hence the more correction can't be ruled out if the Nifty decisively breaks 17,000 mark in coming days.
Here's what Vikas Jain of Reliance Securities, recommends investors should do with these stocks when the market resumes trading today.
There could be some impact of COVID-19 on economic and earnings growth -- at least in the first quarter of FY22. This would ultimately hit full-year growth to some extent, but there could be faster recovery, post the second wave.
The next higher levels to be watched are around 14,800-14,900 for Nifty. Any pullback towards 14,600-14,500 should be used as a buying opportunity.
As the market seems to have the comfort of valuation now, it is time to lap up quality stocks, analysts point out.
India VIX has currently settled below 22.45 on the daily chart so we can expect high volatility in the coming trading sessions.
Markets buoyed by US Fed’s view that it would remain focused on getting people back to work as vaccines help the pandemic-hit economy recover.
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.