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
A successful breach above this level (19,725) on the Nifty50 could trigger a short-covering rally, potentially leading to an upswing in the 19,800–19,850 range.
The 20-day moving average (20-DMA), which aligns with the 19,500 level, is crucial for Nifty as it serves as a critical support level.
Looking at the current chart set up, we are expecting a volatile movement in the market with a bearish tilt in the coming trading sessions, said Vishal Wagh of Bonanza Portfolio
On the technical front, secondary oscillators suggest that markets are likely to remain volatile in the coming sessions with wild swings on both sides.
Vinod Nair, Head Of Research at Geojit Financial Services said since the valuation of mid and smallcaps is below the long-term averages, they are bound to outperform
Experts expect the rally to continue going forward, but volatility may increase as we are moving closer to state and general elections
To ride the momentum which is on an upside, the brokerage house recommends investors to add companies which are exhibiting improvement in earnings and showcasing strong volume growth.
Dharmesh Shah of ICICIdirect believes that this consolidation would form a higher base which would set the stage for testing the upper band of the current consolidation levels placed around 10,930.
We believe the sideways consolidation over the past three months has laid the foundation for the next leg of up move within a structural uptrend, says Dharmesh Shah of ICICIdirect.
Rajesh Agarwal of AUM Capital recommends buying Reliance Infrastructure with stop loss at Rs 432 and target of Rs 453, Power Finance Corporation with stop loss at Rs 79 and target of Rs 86 and NIIT Technologies with stop loss at Rs 1117 and target of Rs 1153.
We believe that any correction from hereon should be used as an incremental buying opportunity as Q3FY18 earnings expectations and Budget expectations would influence investor sentiment.
We have collated a list of 12 stock from large and midcap space from various experts which are likely to outperform benchmark indices in the next 12 months.
Nifty@10,000 is more of a psychological level than anything else. The only concern is that at this level, markets are fairly priced but that does not mean it is on the verge of a big correction.
Sandeep Wagle of powermywealth.com is of the view that one ma hold Maharashtra Seamless.
According to Ashwani Gujral of ashwanigujral.com, one can buy Adani Enterprises, NMDC and Karnataka Bank.
Paras Bothra of Ashika Stock Broking is of the view that one can buy Maharashtra Seamless with a target of Rs 450 and Rallis India with a target of Rs 275.
Paras Bothra, Ashika Stock Broking advises buying Maharashtra Seamless for a target price of Rs 450 and Wonderla Holidays for a target price of Rs 400.
Manav Chopra of Nirmal Bang advises buying Idea Cellular for a target price of Rs 169 and Gujarat State Petronet for a target price of Rs 61.