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 remain rangebound until it decisively surpasses the previous day’s high. Below are some short-term trading ideas to consider.
The market may see some more consolidation amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
The market may consolidate, but overall, the trend remains favourable for bulls. Below are some short-term trading ideas to consider.
The market is expected to remain rangebound in the upcoming sessions. Below are some short-term trading ideas to consider.
The benchmark indices are likely to surpass their swing high of February in the upcoming sessions. Below are some trading ideas for the near term.
The Nifty 50 may extend its upward trend in the upcoming session but overall remains consolidative. Below are some trading ideas for the near term.
The market is expected to be volatile and rangebound in the upcoming sessions, supported by an upward-sloping trendline. Below are some trading ideas for the near term.
Moneycontrol collated a list of top 10 rate sensitive stocks from experts with a 3-4-week perspective.
A further northward journey is likely to be seen in the Nifty 50, though it may be accompanied by consolidation. Below are some trading ideas for the near term.
The Nifty 50 is expected to consolidate further, with support at 23,300 and resistance at 23,650. Here 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.
In terms of levels, immediate resistance for Nifty is notable at 22,500, a significant level on higher time frames, with further resistance observed at 22,780 and 23,170. Conversely, crucial support levels are identified at 21,700 and 21,500.
Hindustan Aeronautics has also given a healthy breakout after couple of weeks of consolidation. The stock has formed bullish candlestick pattern on the daily timeframe with above average volumes, while trading above all key moving averages.
If the Nifty 50 fails to maintain support at 21,930, then it could exacerbate panic in the market. On the higher end, resistance for the short term is positioned at 22,400.
After the MPC outcome, the benchmark indices saw a rush to book profits, that drove the BSE Sensex down 493 points to 71,659, and the Nifty 50 down 137 points to 21,793, forming a bearish candlestick pattern on the daily charts
A drop below 21,700 might trigger panic in the Nifty 50. Conversely, a decisive move above 22,125 could spark a smart rally in the market.
Experts feel 21,000 is expected to be key to watch in the current week, which is full of events including interim budget, and FOMC meet outcome, while on the higher side, 21,500 is likely to be key hurdle, followed by the resistance of 21,700 levels.
The levels to monitor in the Budget week are around the psychological mark of 21,000, coinciding with 50-SMA. In the case of any negative surprises, Nifty may decline towards 20,800 or even towards the bullish gap of 20,500.
There is a possibility of Nifty may test psychological 18,000 mark followed by 18,200 in coming sessions, with strong support at 17,800-17,650 area, and also if the index surpasses the downward sloping resistance trendline adjoining highs of December 1, 2022 (record high) and January 24, 2023, then more upward move may be on cards, experts said.
Traders should keep focusing on stock-specific moves and should ideally remain light on positions till the time key indices consolidate in the recent congestion zone, Sameet Chavan of Angel One advised
For the last 5 months approximately, Max Financial Services is making lower highs and lower lows structure. Recently it has started changing its structure by making higher highs and higher lows, and also it broke 12 months old trendline.
Tata Motors was the biggest outperformer among Nifty50 stocks, climbing 6 percent to Rs 412.90, the highest closing level since December 19, 2022 and formed long bullish candle on the daily charts with significantly higher volumes and making higher high higher low formation for second straight session.
Here's what Rajesh Palviya of Axis Securities 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.
"Considering the weekly chart, we will not be surprised to see it extending towards 16,500 - 16,200 in coming days. We do not want to sound too pessimistic, but this is what the price structure looks like at this moment," says Sameet Chavan of Angel One.