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 and consolidative in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to remain consolidative with a negative bias. Below are some trading ideas for the near term.
The consolidation is expected to continue in Nifty 50, although the bulls remain in control. Below are some trading ideas for the near term.
Given the volatility, which hit a fresh two-year high at around 24 ahead of the mega event - Lok Sabha election results, the Nifty 50 index is likely to consolidate further with immediate support at 22,800 and then 22,600, whereas 23,000 is expected to be the hurdle on the higher side.
CDSL formed robust bullish candlestick pattern on the daily charts with strong volumes. The stock has seen a decisive breakout of consolidation of the recent past sessions and traded well above key moving averages.
Experts are hopeful of further uptrend towards 22,700-22,800 in the coming sessions, with support at 22,300-22,200 levels, and the volatility index diving to November 2023 lows
We have seen breakout of consolidation range in Poly Medicure, which has formed long bullish candlestick pattern on the daily scale with above average volumes. The stock ended at fresh record closing high of Rs 1,222, rising 6.7 percent.
Craftsman is currently trading near its record high level which tells that the stock already is in good momentum.
Here's what Mazhar Mohammad of chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today.
For Nifty, 17,250-17,200 zone would act as strong support with bias likely to remain in favour of bulls, said Shitij Gandhi of SMC Global Securities.
Rajesh Agarwal of AUM Capital recommends buying ICICI Bank with stop loss at Rs 320 and target of Rs 335, Hindustan Oil Exploration with stop loss at Rs 138 and target of Rs 146 and Torrent Pharma with stop loss at Rs 1580 and target of Rs 1630.
Friday's low will act as strong support level for Nifty, Bank Nifty as well as stocks. IL&FS crisis will bring volatility in market in the expiry week so it is better to adopt wait and watch approach during this week
We have witnessed strong call unwinding and fresh short built up in the index as results index touched 10100 levels and recommend investors to keep a more stock specific approach rather than focusing too much on the index. We also recommend investors to use every rise in the market as shorting opportunity until trading below 10230, said Rohit Singre of Bonanza Portfolio.
The range of 9,900-10,100 levels will remain crucial for this week as indicated by option open interest concentration.
According to Mitessh Thakkar of mitesshthakkar.com, one may buy Cadila Healthcare, Indian Bank, ACC and Syngene and can sell Petronet LNG.
Sumeet Jain of Destimoney Securities advises buying DCB Bank with a target of Rs 209.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Idea Cellular, GAIL India and Syngene.
Vishal Malkan of malkansview.com is of the view that one may buy DCB Bank with a target of Rs 208.
Nifty has a strong resistance near 9,275 levels sustain above said will unfold fresh targets.
Prakash Gaba of prakashgaba.com is of the view that Syngene can climb to Rs 545 while Indian Bank can slide to Rs 267.
Jay Thakkar of Anand Rathi advises buying Havells India with a target of Rs 458.
In an interview to CNBC-TV18's Latha Venkatesh, Anuj Singhal, and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
Ashwani Gujral of ashwanigujral.com suggests buying Hindustan Unilever, Syngene International and Mindtree.
Ashwani Gujral of ashwanigujral.com advises buying MRPL, Shilpa Medicare, Bharat Electronics, Engineers India and Syngene International.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com listed his stock picks and market outlook.