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
In absence of any major cues, Indian market will be dependent on global cues this week as well as the movement of rupee against the US Dollar.
Eventually, a fresh breakout beyond 11,760 shall open up targets placed around 12,500 kinds of levels, says Mazhar Mohammad of Chartviewindia.in.
Rajesh Agarwal of AUM Capital recommends buying Wockhardt with stop loss at Rs 654 and target of Rs 700, Deepak Nitrite with stop loss at Rs 264 and target of Rs 285 and Dhampur Sugar with stop loss at Rs 112 and target of Rs 125.
Things are looking positive for the next week and we should not ignore the fact that this entire upswing from the lows of 11,250 is driven by some positive expectations from this sudden decision of ‘weekend meeting on the economy’, says Mazhar Mohammad of Chartviewindia.in.
Asian Paints, Britannia Industries, Castrol India, CRISIL, HUL, ICRA, Indiabulls Housing Finance, IGL, P&G Hygiene and Health, and UltraTech Cements are stocks in which LIC raised its stake consistently for the past four quarter or 1 years.
If the Nifty stays below the key support zone of 11,379–11,359, then experts see this profit-booking getting extended towards 11,300-11,235 levels
Mazhar Mohammad of Chartviewindia.in said in case of a fresh breakout above 11,500 levels, the next logical target for the Nifty can be projected up to 12,200
Rajesh Agarwal of AUM Capital recommends buying Godfrey Phillips with stop loss at Rs 820 and target of Rs 860, Bata India with stop loss at Rs 958 and target of Rs 995 and Berger Paints with stop loss at Rs 319 and target of Rs 340.
In the worst case scenario, correction may get extended up to 11,200 kinds of levels on the downside before resuming its up move
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6900, target of Rs 7150, ACC with a stop loss of Rs 1500, target of Rs 1585 and Radico Khaitan with a stop loss of Rs 430, target of Rs 456.
The central bank could leave policy rates unchanged but hawkish comments from the governor would be slightly supportive for the currency, says Akash Jain of Ajcon Global Services
Commodity prices rallied sharply between February and May 2018, which was beneficial to companies which are directly linked with like metals and select oil stocks, but falling prices is generally good for companies which use these commodities as their raw material.
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.
Any break above the Rs 1,390 levels will once again add further buying momentum in the stock as positive divergence on the secondary indicators also supporting the next up move.
The Nifty is likely to trade with a positive bias and move toward its all-time highs in coming sessions.
Gaurav Ratnaparkhi of Sharekhan said if the bulls manage to cross that region then one can look at significantly higher levels
Ashwani Gujral of ashwanigujral.com advises buying Asian Paints with a target of Rs 1410.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 1860, target of Rs 1920 and Hindustan Unilever with a stop loss of Rs 1670, target of Rs 1725.
With midcaps and smallcaps continue to remain under immense pressure, it would be prudent to stick to quality largecaps, says Hadrien Mendonca of IIFL
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with stop loss at Rs 339 and target of Rs 359, Ambuja Cements with stop loss at Rs 203 and target of Rs 213 and Mahindra & Mahindra with stop loss at Rs 895 and target of Rs 933.
Traders can buy the stock at around current level and add on dips around Rs 1,275-1,280 with a stop loss below Rs 1,240 for the target of Rs 1,450, says Abhishek Mondal of Guiness Securities.
The stock can be bought at current level and on dips towards Rs 1,280 with a stop loss below Rs 1,250 and a target of Rs 1,400 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Ashish Chaturmohta of Sanctum Wealth Management said as long as Nifty trades below 10,640 levels, we expect the market to retest 10,550 levels which is an important support level for the market.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Asian Paints with a stop loss of Rs 1273 and target of Rs 1330, Wipro with a stop loss of Rs 255 and target of Rs 270 and sell Grasim Industries with a stop loss of Rs 1001.50 and target of Rs 960.