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
Given the current chart structure, a consolidation phase is expected in the Nifty 50.
 
                                                                                            A drop below 21,700 might trigger panic in the Nifty 50. Conversely, a decisive move above 22,125 could spark a smart rally in the market.
 
                                                                                            The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
 
                                                                                            Chalet Hotels shares gained more than 3 percent to end at record closing high of Rs 417.45, and formed bullish candle on the daily timeframe with significantly higher volumes. Overall, the volumes remained strong throughout last week.
 
                                                                                            Poonawalla Fincorp has given a downward consolidation breakout on the daily chart, suggesting a rise in optimism. In addition, the stock has moved above the important near term moving average.
 
                                                                                            Page Industries is moving in a rational uptrend with higher highs and lows formation. The stock is continuously taking support and bouncing off the 20-day SMA (Rs 41,143)
 
                                                                                            Sundram Fasteners has created a strong base at Rs 780 level and managed to close above its all-important moving averages. On the upside, Rs 928 is an immediate hurdle then Rs 990 is the next target level.
 
                                                                                            ITC has strongly rebounded from its one-year multiple support zone, which remains a positive sign
 
                                                                                            After a phase of strong earnings, lockdown-like restrictions have led to more downgrades than upgrades but analysts and brokerages remain bullish about many stocks, which have been upgraded to a ‘buy’ rating.
 
                                                                                            The S&P BSE Largecap was up 0.95 percent, while S&P BSE Midcap index and Smallcap Index were down 0.28 percent and 0.36 percent, respectively.
 
                                                                                            There was a lot of stock specific action in the small, mid and largecaps which kept traders busy in last week.
 
                                                                                            The stock can be bought at current level and on dips towards Rs 246 with a stop loss below Rs 237 and a target of Rs 300 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
 
                                                                                            After touching a new high of 10,835 on Monday for the current rally, the index formed a doji candlestick pattern for the day, indicating indecisiveness in the market.
 
                                                                                            "At lower levels, the stock found support at previous lows and rallied back to its highs. The ADX line has been moving higher above neutral level of 20 which indicates strength in the uptrend," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
 
                                                                                            "The immediate resistance is seen at 10,850 levels. On the downside, the immediate support for the index is seen at 10,690 levels. Breaking below this level, the index may test 10,614 levels," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
 
                                                                                            The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
 
                                                                                            Vishal Malkan of malkansview.com advises selling Power Finance Corporation with target of Rs 115.
 
                                                                                            Avinnash Gorakssakar, Market Expert is of the view that one may hold Intellect Design Arena.
 
                                                                                            Prakash Gaba of prakashgaba.com advises buying Intellect Design Arena.
 
                                                                                            Rajesh Agarwal of AUM Capital is of the view that one can hold Intellect Design Arena and buy on dips.
 
                                                                                            But, it is time to tread with caution with respect to small and midcap stocks after a sharp rally in the last 12-24 months. Not all midcap stocks might strike gold for investors at current levels given the frothy valuation.
 
                                                                                            Ashwani Gujral of ashwanigujral.com suggests buying Intellect Design Arena, Tata Global and Can Fin Home.
 
                                                                                            Prakash Gaba of prakashgaba.com advises holding Intellect Design Arena.
 
                                                                                            Prakash Gaba of prakashgaba.com feels that Intellect Design Arena may move to Rs 240.
 
                                                                                            CA Rudramurthy BV of Vachana Investments recommends buying Intellect Design Arena, Balrampur Chini Mills and VIP Industries.