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
Rangebound trading is expected to continue, with key support near the low of last Thursday. Below are some short-term trading ideas to consider.
The market is expected to consolidate after the two-day rally and may attempt another session of upward movement. Below are some short-term trading ideas to consider.
However, this period could also offer opportunities to cherry pick some quality equity investment.
Nifty is likely to remain volatile ahead of expiry due on Thursday. Experts say investors should look for stock-specific opportunities to take advantage of the upside momentum.
After recouping losses from Thursday's close, the index formed a bullish engulfing pattern on its daily price chart. No significant formation was made on the weekly charts, indicating a positive trajectory among market participants.
Rajesh Agarwal of AUM Capital recommends buying United Spirits with stop loss at Rs 670 and target of Rs 694, Mahindra & Mahindra with stop loss at Rs 898 and target of Rs 920 and RBL Bank with stop loss at Rs 545 and target of Rs 565.
Most analysts agree to one thing that it is a sell on rise kind of market as Nifty witnesses supply pressure whenever it comes closer to 10,600 levels.
As we are near the fag end of the earnings season and most of major corporate earnings already priced in, and no major event lined up in the offing, the market is likely to take cues from globe, according to experts.
News reports suggest projects of about 4500 MW could be awarded over the next four months, which is quite significant given market estimates of mere 1500 MW addition this year.
Sharmila Joshi of sharmilajoshi.com is of the view that one may sell Inox Wind.
Rajat Bose of rajatkbose.com is of the view that oen may exit Inox Wind.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Mahindra CIE Automotive.
The Street is worried that in FY18 there will be more pressure on margins and the working capital cycle will be extended thus putting further pressure on the liquidity and coverage ratio.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertiliser, Ramco System and Mahindra & Mahindra.
Sharmila Joshi of sharmilajoshi.com recommends selling Suzlon Energy.
Ramco Cements, Emami, INOX Wind are on its radar
According to Ashwani Gujral of ashwanigujral.com, one can buy Havells India, Indian Oil Corporation and Inox Wind.
Vijay Chopra of enochventures.com advises buying Reliance Capital with a target of Rs 625.
Watch the interview of Prakash Diwan, Market Expert at Altamount Capital Management with Latha Venkatesh, Anuj Singhal & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
SP Tulsian of sptulsian.com, explains why he is bullish on Dish TV. He also talks about some energy and sugar stocks.
Mitessh Thakkar of miteshthacker.com recommends selling Ceat and advises buying GAIL India, Aban Offshore, Inox Wind and Raymond.
Anish Damania of IDFC Securities likes Suzlon Energy and Inox Wind from the wind power sector.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy JB Chemicals and accumulate Kesoram Industries while one can sell Shriram Transport and Hexaware Technologies.