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 Nifty 50 is likely to remain rangebound until it decisively surpasses short-term moving averages. Below are some trading ideas for the near term.
Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
The support for Nifty50 lies at 20,850, below which the market may witness a healthy correction in the short term.
For a further up-move, the index needs to close above a bearish gap created on September 21 in the 19,850-19,900 zone for a move towards the 20,000 mark, whereas on the lower side, the immediate support will be at 19,600, followed by 19,500, experts said
For the Nifty, 14,350-14,250 will be the make or break range and on the higher side, 14,700 will be an immediate hurdle.
After showing up-move from the lows recently, the Nifty struggled to sustain the gains on September 14 and closed the day lower by 24 points amid high volatility.
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
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
Vijay Chopra of enochventures.com suggests buying Hindusthan Zinc with a target of Rs 310.
The valuation of India market still remains to be rich; hence, any correction owning to global volatility should be used as a buying opportunity to dig into quality stocks.
Vijay Chopra of enochventures.com advises buying BF Utilities with a target of Rs 550.
Vishal Malkan of malkansview.com is of the view that one may sell Tata Chemicals with a target of Rs 610.
Sameet Chavan of Angel Broking is of the view that one may sell Godrej Industries with a target of Rs 542.
Vijay Chopra of enochventures.com is of the view that one may buy NMDC with a target of Rs 130.
Sameet Chavan of Angel Broking is of the view that oen may buy Just Dial with a target of Rs 420.
Prakash Gaba of prakashgaba.com is of the view that one can buy Bank of Baroda, FDC and Muthoot Finance.
Jay Thakkar of Sharekhan is of the view that one may buy HCC with a target of Rs 40.5.
Jay Thakkar of CMT is of the view that one may buy Aditya Birla Nuvo with a target of Rs 2219.
Manav Chopra of Networth Stock Broking is of the view that one may buy UPL with a target of Rs 510.
Meghana V Malkan of malkansview.com recommends buying Dish TV India with a stoploss at Rs 103 and target of Rs 114 and NIIT with a stoploss at Rs 92 and target of Rs 110.
Kunal Bothra of LKP Securities expects FDC to hit Rs 225-230 in one to three weeks.
Krish Subramanyam of Asit C Mehta Investment Intermediates is of the view that one can pick FDC with a target of Rs 168 and advises holding Rashtriya Chemicals and Fertilisers with a target of Rs 59.
Dharmesh Kant, IndiaNivesh Securities Private Limited advises buying SKS Microfinance for a target price of Rs 360 and Thomas Cook for a target price of Rs 160.
Paras Bothra of Ashika Stock Broking recommends buying Kesoram Industries with a target of Rs 130 and Cox & Kings with a target of Rs 330.
Paras Bothra, Ashika Stock Broking advises buying FDC for a target price of Rs 175 and Astra Microwave for a target price of Rs 150.