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 may continue to consolidate with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to consolidate further as long as the frontline indices continue trading below their medium-term moving averages. Below are some short-term trading ideas to consider.
The market may see some consolidation before gaining further strength toward the 20-day EMA. Below are some trading ideas for the near term.
The benchmark indices are expected to consolidate in the upcoming sessions and look for fresh triggers. Below are some trading ideas for the near term.
On the lower side, 22,350-22,300 is the immediate key support for Nifty and as long as this holds, the chances of consolidation with positive is seen.
The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
The outlook for the Nifty Index leans towards a neutral scenario. There is an expectation of further rangebound movement in the Nifty, potentially between 18,830 – 19,560 levels.
After hitting a high around Rs 1,680, the stock has been into consolidation for more than couple of weeks and has been struggling for breakout the same high. If the said level breaks out in coming days, then the stock can march towards its record high of Rs 1,750, experts feel.
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Reliance Industries was the biggest Nifty gainer on November 25, rallying 6.02 percent, Chambal Fertilisers and Chemicals gained 5.42 percent and Torrent Pharmaceuticals was up 6.14 percent
The market can expect more earnings upgrades if the strong corporate earnings reported in the March quarter are followed by quick winding of restrictions in various states and faster revival of the economy.
In the upcoming session, the market can witness a follow-up rally as there is still a lot of outstanding positions held by Call writers.
With intermediate and long-term momentum readings like the 14-week and 14-month RSI in rising mode and not showing any signs of negative divergence, the intermediate uptrend is likely to continue.
The benchmark index bounced from 10,800 to current levels of 11,300 where daily Ichimoku Kijun is placed which can act as a hurdle on an immediate basis.
On the candlestick front, Alkem Labs has witnessed a 'Rising Three' formation on its daily scale which indicates the upmove to remain consistent & intact.
The broader structure remains weak as the banking index is underperforming Nifty while trading below its major averages.
After bearish development on the short-term charts, Nifty has not seen follow up selling. The level of 9,100 has been acting as strong support for the index.
The Nifty Pharma index gained half a percent on May 7, taking gains to around 45 percent since March 23.
Due to the COVID-19 pandemic, most large and mid-cap stocks have corrected significantly. They are expected to remain volatile unless the issue of coronavirus comes under control.
As far as support is concerned, the level of 8,095 on Nifty would play a key role
Mitesh Thakkar of miteshthakkar.com recommends buying Titan Company with a stop loss of Rs 1280 for target of Rs 1340 and Infosys with a stop loss of Rs 784 for target of Rs 820.
Ashwani Gujral of ashwanigujral.com recommends buying M&M Financial Services with a stop loss of Rs 380, target of Rs 405 and BPCL with a stop loss of Rs 490, target of Rs 515.
The short-term trend remains weak with support for Nifty is coming near 12000-11950 zone, experts say.
For the week, we expect Bank Nifty to trade in the range of 33,600-31,300 with mixed bias.
HDFC Securities selected stocks across major sectors financials, consumer, pharma, industrials, oil, automobile, cement and technology.