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 witness range-bound trading until it trades below the previous week's high. Below are some short-term trading ideas to consider.
The market is expected to remain rangebound until the frontline indices reclaim and sustain above last week's high. Below are some short-term trading ideas to consider.
The consolidation is expected to continue as long as the frontline indices trade below the 50-day EMA. Below are some short-term trading ideas to consider.
Benchmark indices may once again attempt to test the previous day's highs, but sustaining those levels is the key to watch amid ongoing consolidation. Below are some short-term trading ideas to consider.
Any level above 22,400 could push Nifty towards new all-time high and beyond.
Traders are advised to remain cautious till Nifty closes above 22,300 levels.
TD Power Systems has broken out from the symmetrical triangle on the daily chart with higher volumes. Primary and intermediate trend of the stock is positive as stock price is trading above its medium and long term important moving averages.
Ashwani Gujral of ashwanigujral.com suggests buying ITC, Can Fin Homes and Bank of Baroda and feels that one can avoid TD Power.
Ashwani Gujral of ashwanigujral.com recommends buying BEML, IndusInd Bank and Hindustan Unilever.
Watch the interview of Rahul Arora, CEO at Nirmal Bang Institutional Equities with Ekta Batra & Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on the market, specific stocks and sectors.
Nooresh Merani of Asian Market Securities suggests selling TD Power Systems.
According to Rahul Arora of Nirmal Bang Institutional Equities, one can hold Triveni Turbine and TD Power Systems.
Girish Pai of Nirmal Bang Institutional Equities is of the view that one may prefer TD power.
Rahul Arora, CEO at Nirmal Bang Institutional Equities has a positive view on TD Power Systems and Lakshmi Machine Works.
Kunj Bansal of Centrum Wealth Management is of the view that one may look at power utility space.
Here are top 10 stocks to keep an eye on January 9 - HDFC Bank, Dish TV, Infosys, HCL Tech, Spicejet, Manappuram, Muthoot, TD Power, Brigade Enterprises and Adani Ports.
Dhananjay Sinha, Head-Institutional Research at Emkay Global Financial Services prefers TVS Motor, L&T, SKS Micro and JK Lakshmi Cement.
Deven Choksey, MD, KR Choksey shares his view on TD Power Systems.