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
Overall, the sentiment remains in favour of bulls despite Wednesday's consolidation. Below are some trading ideas for the near term.
The S&P BSE Midcap index surged 3.3 percent and S&P BSE Largecap Index added 1.89 percent, while Smallcap Index was up 1.47 percent last week.
Midcap and smallcap stocks, which were underperforming benchmark indices since the start of this year, are now likely to outperform in days ahead.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell DCB Bank with a stop loss of Rs 181.50 and target of Rs 172 and buy Hindustan ZInc with a stop loss of Rs 295 and target of Rs 317 and United Breweries with a stop loss of Rs 1249 and target of Rs 1310.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 percent. Nifty futures were trading around 10,789-level on the Singaporean Exchange.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2099 and target of Rs 2160 and Indian Oil Corporation with a stop loss of Rs 166 and target of Rs 180.
We expect the Nifty to form a higher base by consolidating in a broader range of 10,400–10,850 that would pave the way for the next leg of the upmove.
Mayuresh Joshi of Angel Broking is of the view that one may hold Taj GVK Hotels & Resorts.
According to Prakash Gaba of prakashgaba.com, one may stay invested in Taj GVK Hotels & Resorts.
Mitesh Thacker of miteshthacker.com recommends selling Ceat, Ambuja Cements, Glenmark Pharmaceuticals and Shriram Transport Finance and buy Taj GVK Hotels & Resorts.
Ruchit Jain of Angel Broking advises buying Havells India with a target of Rs 382.
Digesh Shah of Veracity Fin is of the view that one may buy NCC with a target of Rs 84.
SP Tulsian, sptulsian.com, shares his views on the Indiabulls Group and explains why he is bullish on Taj GVK. He also talks about the dissapointing numbers posted by Infosys in its first quarter earnings and three IT companies which he expects will perform better.
In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, AMSEC Research shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Taj GVK can test Rs 100, says Aashish Tater, Fort Share Broking.
CNBC-TV18 brings you a brand new week of Bull's Eye. It's the popular game show where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Go long in GMR Infrastructure, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.
Buy Taj GVK, says Aunali Rupani, Director of Arm Research.
Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio.