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
Ashwani Gujral of ashwanigujral.com suggests buying Aurobindo Pharma with a stop loss of Rs 794, target of Rs 820, Balrampur Chini with a stop loss of Rs 88, target of Rs 96 and advises selling Balkrishna Industries with a stop loss of Rs 1170, target of Rs 1145.
Sudarshan Sukhani of s2analytics.com suggests buying Aurobindo Pharma with a stop loss at Rs 780 and target of Rs 810, Mindtree with stop loss at Rs 1150 and target of Rs 1200 and RBL Bank with stop loss at Rs 590 and target of Rs 620.
The S&P BSE Sensex lost 256 points while the Nifty50 ended 0.78 percent lower for the week ended 7 September.
Brokerage houses remained bullish on Aurobindo after this acquisition and raised target price up to Rs 915, implying 20.5 percent potential upside from Thursday's closing levels.
Rajesh Agarwal of AUM Capital recommends buying JK Paper with stop loss at Rs 175 and target of Rs 187, Aurobindo Pharma with stop loss at Rs 735 and target of Rs 789 and Cadila Healthcare with stop loss at Rs 413 and target of Rs 435.
India VIX fell down by 5.70 percent at 12.41 and lower volatility even after small dips suggests the declines in the market could be bought.
Mitessh Thakkar of mitesshthakkar.com recommends buying ACC with a stop loss of Rs 1572 and target of Rs 1640, Aurobindo Pharma with a stop loss below Rs 639 and target of Rs 690 and HUL with a stop loss of Rs 1660 and target of Rs 1840.
Global clues will continue to dominate market sentiments in the absence of any major domestic events. The rupee will be in focus as it closed above the Rs 70/$ for the first time
The Nifty is trading above its 20, 50 and 100-day simple moving average, which is an important short term moving average, indicating positive bias in the near term.
Rajesh Agarwal of AUM Capital recommends buying Edelweiss Financial with stop loss at Rs 288 and target of Rs 310, Yes Bank with stop loss at Rs 385 and target of Rs 405 and Apollo Hospitals with stop loss at Rs 1164 and target of Rs 1214.
Rajesh Agarwal of AUM Capital is of the view that one can buy Sun Pharmaceutical Industries with stop loss at Rs 584 and target of Rs 625 and Aditya Birla Fashion with stop loss at Rs 187 and target of Rs 200 and can sell Kotak Mahindra Bank with stop loss at Rs 1310 and target of Rs 1260.
The rupee's fall is technical in nature and should be viewed in accordance with happenings across the globe.
A decisive trade above 11,500 may induce rally towards 11,600. Whereas, consecutive failure in moving above 11,500 may push the index lower towards 11,300.
Angel remains overweight on discretionary consumption theme with stocks like Safari Industries, Bata, Blue Star and Parag Milk Foods.
After retracing towards its foot, it bounced back on upside and now it is going to form Inverted H&S on weekly chart which is showing strength in coming sessions.
Mitessh Thakkar of mitesshthakkar.com recommends buying Axis Bank with a stop loss of Rs 568 and target of Rs 588, Balkrishna Industries with a stop loss of Rs 1240 and target of Rs 1305 and Cummins India with a stop loss of Rs 680 and target of Rs 750.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy IDFC Bank with a stop loss of Rs 39.8 and target of Rs 44 and sell Infosys with a stop loss of Rs 1363.5 and target of Rs 1320.
Centrum Wealth Research said if Indian corporate earnings can experience long term mean-reversion to those levels at 5.30 percent, robust earnings uptick can be expected.
Mitessh Thakkar of mitesshthakkar.com recommends buying Exide Industries with a stop loss of Rs 264.9 and target of Rs 280, RBL Bank with a stop loss of Rs 570 and target of Rs 600 and HCL Tech with a stop loss of Rs 949 and target of Rs 985.
Mitessh Thakkar of mitesshthakkar.com suggests buying Aurobindo Pharma with a stop loss of Rs 615 and target of Rs 646, KPIT Tech with a stop loss of Rs 274 and target of Rs 292 and RBL Bank with a stop loss of Rs 558 and target of Rs 585.
Rajesh Agarwal of AUM Capital recommends buying Aurobindo Pharma with stop loss at Rs 612 and target of Rs 645, Bandhan Bank with stop loss at Rs 545 and target of Rs 575 and Marico with stop loss at Rs 335 and target of Rs 349.
Traders can accumulate the stock in the range of Rs 610-617 for the target of Rs 700 with a stop loss below Rs 584, says Achin Goel of Bonanza Portfolio.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India with a stop loss of Rs 387.8 and target of Rs 405 and sell DLF with a stop loss of Rs 196.2 and target of Rs 182.
Rajesh Agarwal of AUM Capital recommends buying Reliance Infrastructure with stop loss at Rs 432 and target of Rs 453, Power Finance Corporation with stop loss at Rs 79 and target of Rs 86 and NIIT Technologies with stop loss at Rs 1117 and target of Rs 1153.
“The Nifty ended last week with an inverted hammer candle, which implies nervousness still persists” says Jaydeb Dey of Stewart & Mackertich Wealth Management