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 may extend the downtrend if it breaks the 10-day EMA (Exponential Moving Average) amid likely consolidation, while the VIX in the lower zone supports bulls. Below are some trading ideas for the near term.
The Nifty50 index is now more than 18 percent up from its June lows and is gradually gathering steam to reclaim 18,000 mark with crucial support at 17,500, experts said
Axis Securities expects the upcoming year to be good for equity investments, especially the midcaps, following the aggressive roadmap of reforms undertaken by the government treading fiscal prudence path.
'Better farm income coupled with the measures taken by the government and RBI will help improve demand conditions'
Stocks having strong fundamentals with improved and unique business outlook should be looked upon particularly.
Value investors like Kacholia look for stocks that are now available at attractive valuations after having corrected in the recent past
The stock may be bought in the range of Rs 288-290 for targets of Rs 306-320, and a stop loss below Rs 275, says Aditya Agarwala of YES Securities.
Owing to the mean reversion nature of VIX, a rise in volatility is possible in coming trading sessions which could lead to choppy trading sessions going forward.
Hypnos Fund bought 31,00,000 shares of Gujarat Heavy Chemicals
Rakesh Bansal of RK Global is of the view that one may buy Bank of Baroda with a target of Rs 183.
Vijay Chopra of enochventures.com advises buying Petronet LNG with a target of Rs 252.
Pankaj Jain of SW Capital is of the view that one may buy HEG with a target of Rs 2215.
Ruchit Jain of Angel Broking recommends buying Natco Pharma with a stoploss at Rs 995 and target of Rs 1080 and a buy on GHCL with a stoploss at Rs 286 and target of Rs 327.
Ruchit Jain of Angel Broking is of the view that one may buy NIIT Technologies with a target of Rs 681.
Rakesh Bansal of RK Global is of the view that one may buy Bhagyanagar India with a target of Rs 72.
Ruchit Jain of Angel Broking is of the view that one may buy Brigade Enterprises with a target of Rs 330.
Sameet Chavan of Angel Broking is of the view that one may buy Adani Power with a target of Rs 36.80.
Jay Thakkar of Anand Rathi Securities advises buying BF Utilities with a target of Rs 516.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
The approach of investing towards small to midcap in a scenario where the market is trading at record highs should be based on core fundamentals and not momentum in the stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Punjab National Bank and can buy Aurobindo Pharma, Dr Reddy's Laboratories and Prabhat Dairy.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell LIC Housing Finance and Century Textiles and Industries and buy Gujarat Heavy Chemicals.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Karnataka Bank and JSW Energy and buy Gujarat Heavy Chemicals.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Gujarat Heavy Chemicals and sell HDIL and Ashok Leyland.
According to Ashwani Gujral of ashwanigujral.com, one can buy NBCC, CESC and Gujarat Heavy Chemicals.