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
Nifty is in continuation of an uptrend and next resistance for the index is seen in the zone of 22,800-23,000, where Calls have been written.
For those looking to buy Nifty, the recommended range is between 21,550-21,600. One can set a stop-loss at 21,480 and aim for a target of 21,750.
PNC Infratech has seen bullish candle with upper and lower shadows on the daily scale as it rose 2.6 percent to Rs 319 on the NSE. It has seen a breakout of consolidation range, as well as, downward sloping resistance trendline adjoining highs of February 3 and May 8 this year.
PNC Infratech's stock price has broken through its previous swing high of Rs 335 (January 16, 2023), indicating a potential change in trend towards positive side. This move also validates the continuation previous pattern of Higher Highs and Higher Lows.
Rico Auto is currently trading above its multi-year level of Rs 86 which prices have surpassed for the first-time post August 2018. This shows overall Bullish undertone of the prices.
There are expectations that railways will get higher allocation as the COVID-19 pandemic dealt a severe blow to the sector's revenue in the current financial year.
Immediate support for Nifty is placed in the range of 14,100-14,200 where we have seen Put writing.
D-Street is counting on key reforms in the Budget that could push growth and kicks tart the capex cycle in the economy.
Immediate targets for the Nifty is seen around 14,890 which is 150 percent retracement of the entire downswing from 12,430 to 7,511.
All-in-all, Yes Securities believes the market will run up ahead of, and in anticipation of an ensuing economic recovery.
As of December 28 close, the BSE Sensex is up about 15 percent while the BSE Midcap index has gained 19 percent and the Smallcap index 31 percent in the calendar year 2020.
Most contractors are sitting on order book of 3-3.5x of last 12 months revenues which provides very strong revenue visibility for them.
On the higher side, Nifty may find an immediate resistance in the range of 13,000-13,100 levels where we have seen Call writing.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
The short-term trend has turned bullish as Nifty is trading above its 5 and 11-day simple moving averages that are currently placed at 11,800 and 11,620, respectively.
IT and pharma are preferred themes by experts after June quarter earnings
Experts point out select mid and smallcaps look good for medium to long term horizon. They name about 20 favourite stocks
"Long term investors should not get carried away by such instant short term outperformance and can have exposure upto 20-25 percent in few promising quality mid & small cap stocks," Prashanth Tapse said.
The government consistently focuses on development of smart cities across country, especially since they came in to power in 2014.
Prabhudas Lilladher prefers companies with low debt, good corporate governance, lean working capital cycle and 2-3 years of revenue visibility (order book).
PNC's consolidated profit in first half of FY20 increased sharply by 129 percent year-on-year to Rs 392 crore on revenue of Rs 2,866 crore which grew by 75 percent YoY.
Historically speaking, the midcap and smallcap indices have never given negative returns for two consecutive years, and they have had a dismal 2018.
Most experts feel the government could focus more on infrastructure and rural spending, which are key areas to bring growth back on track
For next week, Nifty has strong support at 11,365-11,255 and resistance at 11,525-11,650 range, says Sumit Bilgaiyan
Post general election and stability in domestic market capex cycle can return. This is likely to be supported by reduction in interest rate, market expects further 50bps reduction in repo rate.