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 is expected to consolidate further, although the overall trend remains positive. Below are some short-term trading ideas to consider.
The Nifty 50 is likely to remain rangebound, though the overall trend remains positive. Below are some trading ideas for the near term.
The immediate support for the Nifty 50 is likely to be seen at 22,400, followed by 22,300. In case of a bounce back, the 22,600-22,700 levels are the immediate ones to watch.
With Friday's up move, Page Industries has recaptured 20 and 50 day SMA and rebounded sharply. Huge rising volumes on price rise signifies increased participation in the rally. The daily strength indicator RSI has turned bullish indicating rising strength.
Page Industries is moving in a rational uptrend with higher highs and lows formation. The stock is continuously taking support and bouncing off the 20-day SMA (Rs 41,143)
Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.
While midcap stocks tend to see more volatility versus Nifty50, over a longer term they tend to deliver stronger returns and this theme is expected to play out going ahead, Nirali Shah said.
With the derivatives expiry next week, the market is expected to trade volatile with rollover movement in individual sectors and stocks.
Neeraj Chadawar of Axis Securities believes that the equity will continue to trade on higher multiples for some more time.
Mitesh Thakkar of miteshthakkar.com recommends buying Adani Power with a stop loss below Rs 63 for target of Rs 67 and PAGE Industries with a stop loss of Rs 23200 for target of Rs 24400.
Mitessh Thakkar of mitesshthakkar.com suggests buying Axis Bank with target at Rs 785 and stop loss at Rs 751.
According to Kotak Institutional Equitie , companies under its universe may see 0-18 percent earnings growth in the current financial year.
Going ahead, there is a fair chance of markets attracting buying interest near the aforementioned mark 10,500, because in the past the zone of 10,800–10,500 was a demand zone for the Nifty.
The global investment bank expects a growth in sales for consumer companies from 4QFY20E partly driven by softer comps
The licensee of Jockey International and Speedo in India reported profit at Rs 75 crore in March quarter against 94 crore in the same period last year. The management attributed weak performance to a slowdown
Aditya Agarwal of Way2Wealth Securities says the Nifty can test 11,760-11,800 if it crosses the resistance placed near 11,620 levels
Elara Capital expects a revival in midcaps riding on price and valuation comfort based on historical trends, strong flows from FPIs and DIIs and strong earnings revival
Sudarshan Sukhani of s2analytics.com recommends buying Buy HCL Tech with stop loss at Rs 1050 and target of Rs 1070, Larsen & Toubro with stop loss at Rs 1265 and target of Rs 1290 and Reliance Industries with stop loss at Rs 1220 and target of Rs 1255.
Ashwani Gujral of ashwanigujral.com recommends buying YES Bank with a stop loss of Rs 208, target of Rs 224, Reliance Industries with a stop loss of Rs 1235, target of Rs 1285 and Rural Electrification Corporation with a stop loss of Rs 118, target of Rs 130.
The stock can be bought at current levels and on dips to Rs 25,000 with a stop loss below Rs 24,400 and a target of Rs 27,300.
Investors can also look for quality NBFC companies like L&T Finance Holdings and Bajaj Finance, which are still available at reasonable valuations
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries around Rs 1145 with stop loss of Rs 1130 for target of Rs 1180 and Apollo Hospitals around Rs 1215 with stop loss of Rs 1199 and target of Rs 1255.
Volatility index (India VIX) was up 3.2 percent this week. The BSE largecap index rose 0.69 percent, midcap gained 0.36 percent, while smallcap was down 1.27 percent
Sudarshan Sukhani of s2analytics.com suggests buying Eicher Motors with stop loss at Rs 22000 and target of Rs 23400, HDFC Bank with stop loss at Rs 1940 and target of Rs 1980 and State Bank of India with stop loss at Rs 285 and target of Rs 315.
Prakash Gaba of prakashgaba.com suggests buying Ajanta Pharma with target at Rs 1100 and stop loss at Rs 1020, Apollo Tyres with target at Rs 225 and stop loss at Rs 205 and State Bank of India with target at Rs 290 and stop loss at Rs 270.