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
Rangebound trading is expected to continue until the benchmark indices trade below the previous week’s high. Below are some short-term trading ideas to consider.
The market is expected to be rangebound with a positive bias. Below are some short-term trading ideas to consider.
The bearish sentiment may sustain in the short term, given the weakening momentum. Below are some short-term trading ideas to consider.
The benchmark indices may attempt to rebound amid rangebound trading and rising volatility. Below are some trading ideas for the near term.
The market is likely to extend its southward journey if it fails to hold the previous day's low. Until then, consolidation can't be ruled out. Below are some trading ideas for the near term.
The Nifty 50 is likely to consolidate further in the coming sessions before the start of a new leg of an upmove. Below are some trading ideas for the near term.
Experts advise traders to remain light from here on as the market is now approaching the final phases of the election.
Experts expect the Nifty 50 to focus on 21,800-22,000 levels in coming weeks after ongoing consolidation, while taking support at 21,700-21,500 levels and advising buy on dips strategy
The next support is placed at 200-day SMA of 17,368, which coincides with Budget day's low, as breaking this may drag the Nifty towards 17,000 level, whereas the near-term resistance is expected at 17,600 followed by 17,700-17,800
Vedanta was the biggest gainer in the futures & options segment, climbing 10 percent to Rs 305.60. It has seen formation of bullish candlestick pattern on the daily charts with robust volumes.
Post listing, Nykaa saw some consolidation but has seen a corrective phase since the start of this month. The historical data is limited to analyze the stock for long term but from a near term perspective, Rs 1,200 is the immediate support.
The price action on the daily chart of Vedanta in the last few days has led to the formation of a ‘Head and Shoulders’ pattern. This pattern, which is formed after a significant uptrend indicates a change in short term trend and hence we expect some price correction in the stock in near term.
Greaves Cotton has seen good price volume action in the last 2 days and has breached above its 20-day SMA (Rs 170). One can continue holding the stock and expect upside towards Rs 225 followed by Rs 250 levels. Downside support for the stock is placed at Rs 170-175 zone.
A sustainable move below 17,700 (which seems likely) would activate the pattern and as a result of this, we could see a fresh leg of correction in coming days, says Sameet Chavan of Angel One.
Here's what Mehul Kothari of Anand Rathi Shares and Stock Brokers, and Shrikant Chouhan of Kotak Securities, recommend investors should do with these stocks when the market resumes trading today.
Anil Agarwal-led Vedanta Resources on March 16 raised the open offer price for buying shares in Vedanta Ltd to Rs 235 a share. In January, it had offered to buy up to 10 percent in Vedanta at Rs 160 apiece.
In the past two months, Vedanta's share price has outperformed the market, surging around 26 percent and 33 percent in November and December, respectively.
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
The maximum open interest in Calls is placed at 9,500 strike while 9,000 strike holds the maximum open interest in Puts.
Mitesh Thakkar of miteshthakkar.com recommends selling Coal India with a stop loss of Rs 162 for target of Rs 150 and Tata Motors with a stop loss of Rs 109 for target of Rs 100.
Sudarshan Sukhani of s2analytics.com suggests selling Tata Motors with stop loss at Rs 153 and target of Rs 142 and Bosch with stop loss at Rs 14300 and target of Rs 13700.
Mitesh Thakkar of miteshthakkar.com recommends buying BPCL with a stop loss of Rs 470 for target of Rs 500 and Larsen & Toubro with a stop loss of Rs 1330 for target of Rs 1380.
On a weekly basis, Nifty is trading near 12,300-mark with a change of 0.30 percent. The Nifty Bank index, too, is now trading with a minor change of 0.10 percent week-on-week.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 459 and target of Rs 474 and MRF with stop loss at Rs 65500 and target of Rs 68750.
The prevailing consolidation to extend further and Nifty to hover within 12,100-12,400 zone.