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
"Till the time this Ukraine-Russia war kind of scenario does not subside completely, uncertainty is likely to loom over markets across the globe. So in such times, it's advisable not to trade aggressively and avoid carrying positions overnight," says Sameet Chavan, chief analyst, technical and derivatives, Angel One.
On the flipside, 17,000 followed by 16,800 is to be seen as make or break levels. In case of any aberration on the global front, market will have to face challenging times after sliding below this sacrosanct support, says Sameet Chavan of AngelOne
Experts feel the mood at street turned more cautious and nervous after Friday's sharp fall and hence the more correction can't be ruled out if the Nifty decisively breaks 17,000 mark in coming days.
Sameet Chavan of Angel One reiterated on avoiding aggressive longs and even if one wants to follow stock-specific moves, needs to be very selective.
Experts advise investors to stay light and avoid bottom-fishing for a while as the market is a bit oversold
At the current juncture, we can expect stock-specific action rather than any sharp upside in the index.
There could be some impact of COVID-19 on economic and earnings growth -- at least in the first quarter of FY22. This would ultimately hit full-year growth to some extent, but there could be faster recovery, post the second wave.
Short-term support for Nifty is seen at 11,500-odd levels, below which Nifty could extend the losses towards 11,406 and 11,260 levels.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
Bank Nifty index has key support in the range of 20,800-21,000 levels and the positive views will be negated if it breaches 20,400 on the downside.
After March quarter earnings and recent correction in stock prices, many stocks got an upgrade in rating from brokerages
There are multiple resistances in the range of 10,200-10,350 that are the recent highs and medium-term averages so the upside looks little capped on the higher side.
On the daily chart, Nifty has also completed its Bearish ABCD Harmonic pattern at 9,650 levels and slipped below the potential reversal zone (PRZ) level, which indicates Nifty may face strong resistance around 9,650 level.
Current chart formation suggests a sustained rise above 7,900 will surely create a demand zone for the benchmark index.
Mitesh Thakkar of miteshthakkar.com suggests selling Escorts with a stop loss of Rs 760 for target of Rs 725 and Mahindra & Mahindra with a stop loss of Rs 458 for target of Rs 435.
Sudarshan Sukhani of s2analytics.com recommends buying Asian Paints with stop loss at Rs 1825 and target of Rs 1890 and Pidilite Industries with stop loss at Rs 1540 and target of Rs 1645.
Sudarshan Sukhani of s2analytics.com recommends buying Castrol India with stop loss at Rs 147 and target of Rs 154 and Escorts with stop loss at Rs 830 and target of Rs 860.
Prakash Gaba of prakashgaba.com recommends buying Interglobe Aviation with target at Rs 1450 and stop loss at Rs 1385 and Reliance Industries with target at Rs 1575 and stop loss at Rs 1532.
The market reacted on positive global cues including likeliness of phase one of the trade deal between US-China as well as UK election outcome, despite weak macroeconomic data.
Voltas increased its market share in South India over past 2 years, thus increasing its overall share of revenues to 25 percent from 15-20 percent earlier.
Prakash Gaba of prakashgaba.com recommends buying Indiabuls Housing Finance with target at Rs 320 and stop loss at Rs 275 and NMDC with target at Rs 120 and stop loss at Rs 112.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 658, target of Rs 680, JSW Steel with a stop loss of Rs 262, target of Rs 278 and Asian Paints with a stop loss of Rs 1730, target of Rs 1775.
The market traded in a range last week amid weak macro data, but inline performance of India Inc helped the Nifty close near its crucial support of 11,900.
Ashwani Gujral of ashwanigujral.com recommends buying Cholamandalam Investment with a stop loss of Rs 324, target of Rs 338 and State Bank of India with a stop loss of Rs 319, target of Rs 334.
Mitessh Thakkar of mitesshthakkar.com recommends selling Hero MotoCorp with a stoploss of Rs 2,620 and target of Rs 2,530-2,589.10 and advises buying Reliance Industries with a stoploss of Rs 1,458 and target of Rs 1,500-1,472.30.