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
Traders should keep a close eye on key support (21,500) and resistance levels (22,000–22,100) and remain flexible in their trading strategies,
The market is likely to continue its bull run, given the slew of growth-oriented measures taken by the government and RBI, though there could intermittent corrections, say experts.
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
Ashish Kacholia has 4.04 percent stake in NOCIL while Dolly Khanna has 1.93 percent stake as of March quarter
The stocks that are expected to gain are Nilkamal, HMVL, Vardaman Textiles, Bajaj Auto, OK Play India, Thangamayil Jewellery, Rajratan Wire and the stocks that will likely be under pressure include Kaya, Concor, HCL Infosystems, Vaibhav Global, Asahi Songwon, Indosolar, Scooters India, Automotive Stamping and Parrys Sugar.
According to Aashish Tater, Head of Research at Fortunewizard.com, Vaibhav Global could be a very interesting bet. "Vaibhav Global has also got good reach in the US and UK along with Austin and Texas around UK, so that particular area will see lot of traction," he adds.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com 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.