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 market may attempt to continue its upward journey amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is likely to trade with a negative bias amid ongoing consolidation. Below are some trading ideas for the near term.
NIIT has seen strong buying traction in the last trading session on Friday, which was backed by robust volumes and has witnessed a breakout on a closing basis, signifying positive development in the counter.
The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
Vinay Rajani of HDFC Securities says markets are on their path to recovery, however, short-term bullish trend reversal will be confirmed only above 17,170
With markets hitting fresh highs, most experts said there is need for a portfolio rejig and investors should add stocks that are showing growth
Value investors like Kacholia look for stocks that are now available at attractive valuations after having corrected in the recent past
One can accumulate the stock in the range of Rs 105-107 levels for the upside target of Rs 120 levels with a stop loss below Rs 97, says Shitij Gandhi of SMC Global.
Mitessh Thakkar of miteshthacker.com advises buying NIIT and Federal Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT and Hindustan Unilever and can sell Yes Bank, Tech Mahindra and Cummins India.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever, NIIT and Tata Motors.
On the technical front, 9,020-9,050 is strong support zone for the Nifty and current trend is likely to continue towards 9,400. Here are top five stocks, which can give up to 7-17 percent in the short term based on technical parameters.
Prakash Gaba of prakashgaba.com is of the view that one ay remain invested in NIIT.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC and Petronet LNG and sell Sun Pharma, Bharti Infratel and JSW Steel.
Ashwani Gujral of ashwanigujral.com recommends buying NIIT, Petronet LNG and Karnataka Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT and Aarti Industries and sell Arvind.
Mitesh Thacker of miteshthacker.com recommends buying HCL Tech and Hexaware Technologies.
Jay Thakkar of Sharekhan is of the view that one may sell Apollo Hospitals with a target of Rs 1269.50.
According to Sandeep Wagle of powermywealth.com, one may hold NIIT as it may test Rs 95-100.
Gaurang Shah of Geojit BNP Paribas is of the view that one may look at Mindtree, Tech Mahindra and Info Edge.
Krish Subramanyam of Altamount Capital advises buying NIIT with a target of Rs 87.
Amit Harchekar, Chief Technical Strategist at A PLUS Analytics recommends buying RComm, Chennai Petroleum and NIIT and advises shorting Petronet LNG.
Ashwani Gujral of ashwanigujral.com recommends buying NIIT and advises selling Idea Cellular and TCS.
Manish Sharma of derivativetradingresearch.com suggests buying Reliance Capital with a target of Rs 400.
Sahil Kapoor of Edelweiss Broking recommends buying NIIT and Indian Hotels and advises shorting Divis Lab.