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
Nervousness is likely to persist on Dalal Street as indices traded below all short- to medium-term moving averages, which is a negative sign. Below are some trading ideas for the near term.
Traders are advised to remain cautious till Nifty closes above 22,300 levels.
Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
The immediate target for the Nifty is around 17,000-17,100 level at which we have seen Call writing.
The derivative data indicates that bullish scenario is likely to continue with Nifty having multiple strong supports at lower levels around 11000 & 11030 spot.
In an interview to CNBC-TV18, G Chokkalingam, Founder & Managing Director at Equinomics Research & Advisory, shared his readings and outlook on the market and specific stocks and sectors.
According to Sandeep Wagle of powermywealth, one may hold Sasken Communication Technologies.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today - Reliance, Adani Port & SEZ, Castrol India, Mahindra CIE Automotive, Sadbhav Infra, M&M Financial, Bharti Infratel, Filatex India, Eastern Treads, Zensar Tech, Cairn India, Motherson Sumi, Sasken Communications and Capri Global Capital.
Ashish Kyal of wavesstrategy.com is of the view that one may buy SpiceJet and Sasken Communication Technologies.
Kunal Bothra of LKP Securities advises buying Sasken Communication at around Rs 345.
Gaurav Bissa of LKP Securities advises buying ITC with a target of Rs 370.
Here are top 10 stocks to focus on January 20 – Sintex Industries, JSW Energy, banks, Hindustan Unilever (HUL), Mindtree, CCL Products, Sasken Communication, Kesoram Industries, Hindustan Zinc, Vedanta, MRF, Cairn India, Adani Power, Lanco Infra and Suzlon.
Sasken Communication Technologies surged in trade after the company announced a special dividend of Rs 22.5 per share. This is in addition to Rs 2.5 per share, special dividend that the company had announced in October. Reema Tendulkar has more details on the same.
Top 10 stocks on CNBC-TV18's radar are Reliance Industries, oil marketing cos, United Spirits, Hindustan Zinc, Aurobindo Pharma, Biocon, Sasken, Wipro, Coal India, Reliance Mediaworks.
SP Tulsian, sptulsian.com advises traders to stay away from Ajanta Pharma and Sasken.