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 needs to climb above these moving averages for a sustainable uptrend; until then, the trend may remain in favour of the bears. Below are some trading ideas for the near term
The Nifty 50 is likely to consolidate with immediate resistance at 24,200 and support at 24,000. Here are some trading ideas for the near term.
Considering the momentum in key sectors, if the Nifty50 decisively surpasses 19,500, then 19,650 is expected to be the crucial area for sharp up-move, while the critical support remains at 19,300-19,250, experts said
In Dixon Technologies, investors should use sell opportunity or exit to rally on any bounce towards Rs 4,700-4,900, with downside crucial support zone of Rs 4,120-3,930 levels.
Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today.
Opportunities will be manifold over the next five years, thanks to an increase in outsourcing and divestment in the developed world due to rising cost pressure, better availability of feedstock, and import substitution, say analysts. They also present a list of stock recommendations.
The second wave of COVID-19 infections and its likely impact on earnings and the economy in the first quarter of FY22 could be capping the upside for the market. However, stock-specific opportunities are expected to continue, say experts.
Nifty has violated the crucial support of 14,264, which happens to be the previous swing low on the daily charts.
The focus of the traders should be on mid and smallcaps that are likely to continue their outperformance for the coming weeks and months.
Nifty managed to hold above its 200-days exponential moving average, placed at 10,540 on the daily interval. It should act as a major support for the upcoming sessions.
Hence here are 11 stocks where brokerages initiated coverage with a buy call, which could give 10-73 percent return:
The primary trend of the Nifty is positive as the index is trading above its 200-Day SMA
From the technical front, the Nifty is still holding above its long-term moving averages and as far as prices are holding above 11,200 mark, we expect that the volatility is likely to grip the market within the broader range of 11,500-11,200.