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 remain consolidative with rangebound trading until the August high is decisively broken. Below are some short-term trading ideas to consider.
The market may turn positive amid rangebound trading. Below are some short-term trading ideas to consider.
Market sentiment is expected to remain positive. Below are some short-term trading ideas to consider.
The market is expected to sustain range-bound trading, and the elevated volatility signals caution for bulls. Below are some trading ideas for the near term.
A close above 24,500 could drive the Nifty 50 towards the 24,700-24,800 zone, but if it stays below this level, consolidation and range-bound trading may continue with 24,200 as support. Here are some trading ideas for the near term.
NBCC traded above all key moving averages since the second half of July, and formed long bullish candlestick pattern with upper and lower shadows on the daily charts, with robust volumes.
Key support levels for the Nifty50 are anchored by a solid base at 19,480, marked by multiple touch points, followed by additional support zones at 19,200 and 19,000.
From a technical point of view, the 19,720-19,750 zone withholds the sturdy resistance, followed by the next cluster around 19,800-19,850 for the current week.
Till the time the Nifty does not surpass the 19,550 – 19,600 level on a closing basis, one should avoid being complacent and ideally, it’s better to avoid aggressive trades, according to experts
NBCC has given a breakout on the weekly timeframe after four years with above average volumes and the supertrend indicator is also indicating a bullish move which can be used as a confluence towards the bullish view.
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 Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.
On the higher side, Nifty may find an immediate resistance in the range of 13,000-13,100 levels where we have seen Call writing.
BSE Sensex and Nifty50 have rallied nearly 12 percent each since the week ended June 12. Both the indices have surged more than 48 percent each from their March 23 low
Mitesh Thakkar of miteshthakkar.com recommends buying HDFC Bank with a stop loss below Rs 1282 for target of Rs 1340 and Maruti Suzuki with a stop loss of Rs 7290 for target of Rs 7500.
Sudarshan Sukhani of s2analytics.com recommends selling Havells India with stop loss at Rs 646 for target of Rs 631 and MCX India with stop loss at Rs 1125 and target of Rs 1050.
Mitesh Thakkar of miteshthakkar.com recommends buying Bank of Baroda above Rs 104 with stop loss of Rs 100 for target of Rs 109 and Divis Labs with a stop loss of Rs 1785 for target of Rs 1880.
VK Vijaykumar of Geojit Financial Service feels the proposed AIF is better than the earlier one since this also includes projects referred to NCLT.
Ashwani Gujral of ashwanigujral.com advises buying HDFC Life with stop loss at Rs 625 and target of Rs 650.
Technical setup of Nifty Private sector Bank Index looks bullish on the charts. Largecap Private banks can outperform in the current scenario.
Sudarshan Sukhani of s2analytics.com recommends buying Bank of Baroda with stop loss at Rs 127 and target of Rs 134 and Colgate Palmolive with stop loss at Rs 1160 and target of Rs 1200.
We believe ongoing consolidation would help it to cool off the overbought situation of the weekly stochastic oscillator (at 90), in turn, making the market healthier.
We recommend investors to start accumulating quality midcap stocks to ride the next leg of major up move (around 30 percent from hereon)
A high of 11,383.45 will act as an immediate resistance above which the momentum will resume till 11,465 – 11,523 levels, respectively. On the flip side, the gap area of 11,227 – 11,180.90 will act as strong support on the index.
Rajat Bose of rajatkbose.com recommends buying Mindtree with stop loss below Rs 941 for targets of Rs 967 and Rs 974, United Spirits only above Rs 591 with stop loss below Rs 584 for targets of Rs 599 and Rs 607 and Advanced Enzyme with stop loss below Rs 177.50 for targets of Rs 185.50 and Rs 187.