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
Volatility is likely to remain high, and consolidation is expected to continue until the index closes the bearish gap of April 7. Below are some trading ideas for the near term.
The benchmark indices, as well as broader markets, might extend the weakness. Below are some trading ideas for the near term.
The benchmark Nifty 50 may rebound in the upcoming session, but the 'sell on rally' strategy continues given the prevailing bearish sentiment. Below are some trading ideas for the near term.
The Nifty 50 is likely to see some consolidation before marching upwards. Below are some trading ideas for the near term.
The Nifty 50 is likely to continue its northward journey amid range-bound trading. Below are some trading ideas for the near term.
The Nifty 50 is expected to remain rangebound before moving in a firm direction. Below are some trading ideas for the near term.
From a technical perspective, the Nifty 50 now appears poised to test the 24,700 and 25,000 levels in the coming week, as these are key resistance zones that need to be breached.
The index is likely to trade within the 24,000-24,500 range. Breaking the upper range may take it towards 24,800, and below 24,000, the 23,700 level is the one to watch. Here are some trading ideas for the near term.
The Nifty 50 is expected to consolidate with a hurdle at 24,200 on the higher side and support at 23,800. Here are some trading ideas for the near term.
The market may move volatile between 22,000 and 22,550, so it's best to avoid catching short-term tops and bottoms.
Immediate support for Nifty 50 is positioned at 22,000; and a decisive drop below this level could lead the index towards 21,700
HDFC AMC formed long bullish candlestick pattern on the daily scale with above average volumes. The stock traded above all key moving averages and recorded gains in eight out of nine consecutive months.
In case, the Nifty50 gets broken down the support 19,480, the low of previous week, 19,300 (the low of October month) is likely get tested in coming sessions, experts said.
Nestle India was the third biggest gainer in the futures & options segment, rising 4 percent to Rs 20,244, the highest closing level since December 22 last year and formed long bullish candlestick pattern on the daily timeframe with strong volumes.
The trend seems to be reversing for the IT sector as HCL Tech & Infosys see maximum upgrades in the past one month while HUL and Tata Motors were the top stocks to witness maximum downgrades
The broader market has started to show some encouraging signs, with the Nifty Midcap 100 and Smallcap 100 indices rising 3 percent and 4 percent. This should do extremely well if the market remains above the psychological support of 16,000
After a bull run in FY21, the new fiscal year has begun with some uncertainty because of the second wave of COVID-19 and higher commodity prices but analysts remain optimistic about economic growth and corporate earnings, making several stocks very attractive.
Prabhudas Lilladher believes that current uncertainty is a passing phase and return to normalcy will result in several beaten down segments bouncing back strongly from FY22.
The year 2020 is largely about survival, both health-wise and finance-wise. It is also an opportune time to tweak and tighten the portfolio for the next bull run, said Yes Securities
Given the gradual unlocking of India, sectors which had left aside in previous rally have started participating in the current run up. Hence brokerage houses also initiated coverage with a buy call on several stocks.
SBI's economists say the surge in equity markets is not linked to economic recovery and maybe a sign of irrational exuberance.
The pattern setup is yet another sign of diminishing strength & a breakdown below 10,200 from hereon would confirm the bearish reversal pattern & commencement of the counter trend.
Aashish Somaiyaa of Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
Consumers seem to be putting off purchases because of low liquidity in the market. Outlook for the sector, in my opinion, remains muted and moderate.
The Nifty reclaimed 8,575 this week after some lower-level buying was witnessed in heavyweights like Reliance Industries, HDFC twins and Infosys.