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 is expected to see further consolidation with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to be volatile and rangebound in the upcoming sessions, supported by an upward-sloping trendline. Below are some trading ideas for the near term.
Traders and investors should continue holding Deepak Nitrite and can expect upside towards Rs 2,400 followed by Rs 2,650. Downside support for the stock is placed at Rs 2,000 levels.
Nandish Shah of HDFC Securities believes that the short-term trend will remain bullish till the Nifty is trading above 17,200 levels
After some profit-booking in the past week, stocks are likely to be rangebound in the week ahead, analysts said.
Though Nifty has witnessed a sharp correction, it remains in an intermediate uptrend as long as it is trading above the important support level of 15,500, said Nandish Shah of HDFC securities.
Ashwani Gujral of ashwanigujral.com
Ashwani Gujral of ashwanigujral.com recommends buying IIFL Holdings, Ingersoll Rand, Punjab National Bank, India Oil Corporation and Magma Fincorp.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his reading and outlook on the market as well as on various stocks and sectors.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ceat, Ingersoll Rand and Dishman Pharma.
SP Tulsian of sptulsian.com is of the view that Ingersoll Rand can move to Rs 990 in next six months.
Rajat Bose of rajatbose.com recommends buying Ingersoll Rand and Dish TV.
Buy Ingersoll Rand, says PN Vijay, Portfolio Manager. It can go around Rs 550 in next 12-15 months whatever be the status of the market.
PN Vijay of askpnvijay.com selects CESC and Ingersoll Rand as the multi-bagger of the day. He says Ingersoll Rand is a blue chip company and has been a favourite with cautious investors for a very long time.
Ingersoll Rand can test Rs 520-525 in six months, says SP Tulsian, sptulsian.com.
Buy Ingersoll Rand on dips, says Aashish Tater, Head of Research, Fort Share Broking.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
SP Tulsian, sptulsian.com advices to add Ingersoll Rand in portfolio at current levels.
Buy Ingersoll Rand (India) on dips and can easily test Rs 800 mark from next 15 months perspective, says Ashish Tater, Fort Share Broking.