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
Sandeep Wagle of powermywealth.com is of the view that one can buy Adani Ports and Allahabad Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Adani Transmission, Allahabad Bank, IIFL Holdings and Bata India.
According to Prakash Gaba of prakashgaba.com, the next logical technical target for the Nifty is at 9969. The crucial support for the Index is at 9792-9720 and the resistance is at 9969 while Bank Nifty has support at 24100 and resistance at 24300-24400.
Rakesh Bansal of RK Global is of the view that one may buy NHPC with a target of Rs 35.
Sameet Chavan of Angel Broking advises buying Century Textiles and Industries with a target of Rs 1155.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian spoke about his readings and outlook on the fundamentals of the market and specific stocks.
Jay Thakkar of Anand Rathi is of the view that one may buy Prestige Estates Projects with a target of Rs 267.40.
Mitessh Thakkar of miteshthacker.com suggests buying Colgate Palmolive and HDFC and advises shorting Allahabad Bank.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9350 and resistance at 9500 while Bank Nifty has support at 22400 and resistance at 22800.
According to Shahina Mukadam, Independent Market Expert, one may hold Allahabad Bank.
Sandeep Wagle of powermywealth.com feels that Allahabad Bank may move to Rs 100.
Sandeep Wagle of powermywealth.com is of the view that one can buy Allahabad Bank and sell UPL.
On the technical front, 9,200-9,250 spot levels are strong support zone and the current trend is likely to continue towards 9,400-9,500.
Mitessh Thakkar of miteshthacker.com recommends buying Allahabad Bank and Godrej Consumer Products.
Mitessh Thakkar of miteshthacker.com suggests buying Indian Bank, M&M, IRB Infra and PC Jeweller.
According to Sandeep Wagle of powermywealth.com, one can buy Allahabad Bank, PC Jeweller and Adani Power.
Prakash Gaba of prakashgaba.com is of the view that Manappuram Finance may head higher, SBI can hit Rs 278 and likes Ashok Leyland.
Prakash Gaba of prakashgaba.com suggests buying Allahabad Bank as the stock can climb to Rs 74-75.
Prakash Gaba of prakashgaba.com is of the view that Allahabad Bank looks weak and can slide to Rs 67.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Sun TV Network with a target of Rs 738.
Mitessh Thakkar of miteshthacker.com suggests buying Karnataka Bank and Allahabad Bank.
After the public sector banks, private banks could also see some consolidation, believes SP Tulsian of sptulsian.com.
Prakash Gaba of prakashgaba.com is of the view that one may pick City Union Bank.