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 remain range-bound until it decisively breaks the current week’s high–low range. Below are some short-term trading ideas to consider.
The market is expected to consolidate further amid range-bound trading before finding firm direction. Below are some short-term trading ideas to consider.
The market is expected to consolidate further before entering a firm directional move. Below are some short-term trading ideas to consider.
The Nifty 50 is likely to consolidate further in the coming sessions before the start of a new leg of an upmove. Below are some trading ideas for the near term.
Experts see a sharp correction if the Nifty 50 decisively closes below 24,500, with 24,000 acting as a crucial support and 24,900 as a hurdle on the higher side. Here are some trading ideas for the near term.
If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750
The 17,300 level is expected to act as a crucial support, followed by the recent swing low of 17,250 and, if the said levels get broken, then there could be correction up to the 17,000 mark
ITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
The weekly expiry could keep the markets volatile as we have witnessed steady rise in open interest in 18,000 CE strike in the past few days while on the downside 17,800 PE strike has the highest open interest of more than 2,20,000 contracts which could act as immediate support from current levels.
Technical indicators are giving positive signals as Info Edge is trading above the 20 and 50 days SMA and there also recently a positive moving average crossover as the 20 days SMA moved above the 50 days SMA.
The Nifty is trading below its 21 and 50–day exponential moving average, indicating a continuation of the downtrend
"Hold on to existing positions in Metropolis Healthcare if any but fresh longs are not advisable at the current juncture until there's a strong follow-up momentum with high volumes."
A momentum oscillator RSI and indicator Stochastic have reversed from overbought territory, which suggests bearish to sideways sentiments for the coming days, says Rohan Patil of Bonanza Portfolio
Here's what Karan Pai of GEPL Capital recommends investors should do with these stocks when the market resumes trading today.
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.
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.
Generally, it is believed muhurat trading brings prosperity and wealth throughout the year. It takes place on the Laxmi Pujan day for an hour in the evening.
Short-term support for Nifty is seen at 11,500-odd levels, below which Nifty could extend the losses towards 11,406 and 11,260 levels.
Neeraj Chadawar of Axis Securities believes that the equity will continue to trade on higher multiples for some more time.
According to Prashanth Tapse, Surya Roshni, APL Apollo Tubes, Jindal Saw may benefit. Read on to find out which stocks other experts picked
After March quarter earnings and recent correction in stock prices, many stocks got an upgrade in rating from brokerages
Strong FCF generation and rising return ratios support a further re-rating.
Last week, FIIs bought equities worth Rs 1,790.6 crore, while Domestic Institutional Investors sold equities worth of Rs 2,620.48 crore
Rusmik Oza of Kotak said high expectations from the Budget could lead to a good start for Indian equities in 2020.
The BSE and NSE will remain open for an hour on October 27 for the Muhurat Trading.