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
We suggest buying in the scrip around Rs 790-800 zone with stop loss below Rs 760 on closing basis for the target of Rs 875 levels, says Shabbir Kayyumi of Narnolia Financial Advisors.
A word of caution, India VIX has cooled to 18.62 but it still remains high. So, traders should initiate long positions while keeping strict stop losses
Sudarshan Sukhani of s2analytics.com suggests buying Divis Labs with stop loss at Rs 1290 and target of Rs 1350 and JSW Steel with stop loss at Rs 375 and target of Rs 392.
Mitessh Thakkar of mitesshthakkar.com suggests selling Century Textiles & Industries with a stop loss of Rs 846 and target of Rs 815 and CESC with a stop loss of Rs 883 and target of Rs 830.
We advise traders to create fresh longs in the range of Rs 955-965, says Jayant Manglik of Religare Broking.
The market looks a bit stretched to us at the current level and thus we suggest limiting leveraged positions and focus on specific stocks. We still maintain our positive stance till the Nifty holds above the 11,500 marks, says Jayant Manglik of Religare Broking.
Most experts feel that the bull run remains intact but advise traders to remain cautious as the Nifty approaches crucial resistance levels of 11,900-12,000.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Forge with a stop loss of Rs 658 and target of Rs 690 and Century Textiles and Industries with a stop loss of Rs 940 and target of Rs 1000 and can sell Sun TV with a stop loss of Rs 781 and target of Rs 740.
Shabbir Kayyumi of Narnolia Financial Advisors expects sideways to bullish movement for the coming session with range of 11,600-11,350 though stock specific action can be seen.
We advise traders to accumulate the stock in the range of Rs 930-940, says Jayant Manglik of Religare Broking.
The Nifty closed above 11,200 levels, which has opened target towards 11,350-11,450 levels on the Nifty, technical chartists said.
Traders can accumulate the stock in the range of Rs 900-910 for the target of Rs 1,000 with a stop loss below Rs 859.
Going forward, the trend is expected to remain positive. The Nifty may move towards 11,200 and higher; supports are visible at 11,070 and 11,000
Rajesh Agarwal of AUM Capital recommends buying Kaveri Seed Company with a stop loss at Rs 555 and target of Rs 582, ITC with stop loss at Rs 267 and target of Rs 281 and Century Textiles & Industries with stop loss at Rs 870. and target of Rs 908.
The markets got a further boost after a Reserve Bank of India (RBI) report showed that the corporate sector recorded robust sales growth in Q4 FY18.
Rajesh Agarwal of AUM Capital recommends buying PNB Housing Finance with stop loss at Rs 1160 and target of Rs 1228, GAIL (India) with stop loss at Rs 352 and target of Rs 378 and Havells India with stop loss at Rs 560 and target of Rs 590.
Ashwani Gujral of ashwanigujral.com recommends buying Berger Paints with a stop loss of Rs 292, and target of Rs 306, HPCL with a stop loss of Rs 264, target of Rs 278 and Sun TV with a stop loss of Rs 788, target of Rs 810.
Rajesh Agarwal of AUM Capital recommends buying Century Textiles & Industries with stop loss at Rs 896 and target of Rs 945, Tata Motors with stop loss at Rs 261 and target of Rs 283 and Bharat Forge with stop loss at Rs 620 and target of Rs 647.
Rajesh Agarwal of AUM Capital recommends buying Asian Paints with stop loss at Rs 1273 and target of Rs 1315, BEML with stop loss at Rs 795 and target of Rs 837 and Bank of Baroda with stop loss at Rs 110 and target of Rs 120.
Ashwani Gujral of ashwanigujral.com recommends buying Cipla with a stop loss of Rs 610, target of Rs 650, Bata India with a stop loss of Rs 854, target of Rs 870 and Jubilant Foodworks with a stop loss of Rs 1370, target of Rs 1420.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla with stop loss at Rs 605 and target of Rs 635, Kotak Mahindra Bank with stop loss at Rs 1300 and target of Rs 1360 and Godrej Consumer Products with stop loss at Rs 1160 and target of Rs 1190.
Prakash Gaba of prakashgaba.com is of the view that one can buy Apollo Hospitals with target at Rs 1060 and stop loss at Rs 1020 and also buy Power Grid with target at Rs 205 and stop loss at Rs 198 while advises selling Indian Oil Corporation with target at Rs 163 and stop loss at Rs 170.
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
Long position can be initiated here for the target of Rs 1,060-1,100 with a stop loss of Rs 880.
On the higher side crossover of 10,850 levels would trigger for a swift move of 11,000 levels crossing the last month high.