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 attempt to rebound amid consolidation, but it seems unsustainable given the overall negative sentiment.
Looking ahead, immediate resistance levels for the Nifty are observed at 22,500 followed by the 23,000 mark. On the downside, crucial support levels are identified at 21,850 and 21,530
Experts feel 21,000 is expected to be key to watch in the current week, which is full of events including interim budget, and FOMC meet outcome, while on the higher side, 21,500 is likely to be key hurdle, followed by the resistance of 21,700 levels.
Sterlite Technologies exhibited a strong breakout on the daily chart, accompanied by a significant surge in trading volumes.
Trade Spotlight | Here's what Malay Thakkar of GEPL Capital, suggests investors possessing these stocks when the market resumes trading today.
Here's what Karan Pai of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.
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Analysts were expecting some sort of bounce back which has come considering the fact benchmark indices were trading near crucial support levels.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers, Jaiprakash Associates and Hindustan Copper.
Rakesh Bansal of RK Global advises buying HFCL with a target of Rs 21.
Rakesh Bansal of RK Global is of the view that onemay buy Crompton Greaves Consumer Electrical with a target of Rs 157.
Rakesh Bansal of RK Global suggests buying Tata Global Beverages with a target of Rs 137.
Vishal Malkan of malkansview.com recommends buying Reliance Communications with a target of Rs 55 and Bata India with a target of Rs 540.
Kunal Bothra, Head of Advisory at LKP is of the view that one may book some profits in Himachal Futuristic Communication.