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 Nifty 50 is likely to extend losses, with a downside target towards 23,600. On the NSE, 2,209 shares declined, while 192 shares advanced. Here are some trading ideas for the near term.
IOL Chemicals and Pharmaceuticals is poised for short-term breakout of Rs 440, hence any strong close above Rs 440 level may lead upside momentum towards Rs 480-510 levels.
Sameet Chavan of Angel One reiterated on avoiding aggressive longs and even if one wants to follow stock-specific moves, needs to be very selective.
Selling pressure at higher levels after the sharp rally indicate a pause in the momentum, which is healthy for a further upside, technical experts said.
For the coming sessions, Nifty should take a breather and hold in the range of 11,850-12,050 after witnessing highly volatile moves from the last few days.
The current positive momentum can extend further, which could take the Nifty towards 12,300-12,350 levels
The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week.
We recommend investors to start accumulating quality midcap stocks to ride the next leg of major up move (around 30 percent from hereon)
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shares his views on specific stocks and sectors.
Here are a few top buzzing stocks picked by CNBC-TV18's analysts in trade today - Titan, Tata Elxsi, Arvind, Page Industries, Rupa, Lux, AB Fashion, Godrej Properties, Linde India,Vindhya Telelinks, Universal Cables, Relaxo Footwears and Swelect Energy.