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
The liquidity drive which pushed benchmark indices to record highs also pushed many stocks especially in the small and midcap space to valuations beyond their historic averages.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Aurobindo Pharma and Coal India.
Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma.
Shahina Mukadam, Independent Market Expert is of the view that one may hold Aurobindo Pharma.
Sandeep Wagle of powermywealth.com is of the view that one may hold Aurobindo Pharma.
Mitessh Thakkar of mitesshthakkar.com recommends buying HCL Tech with a stop loss of Rs 876 for target of Rs 922 and a buy on Marico with a stop loss of Rs 319 for target of Rs 338.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Aurobindo Pharma, Indiabulls Real Estate and Adani Ports and can buy Tata Motors.
Rajat Bose of rajatkbose.com is of the view that one my hold Sun Pharma.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Natco Pharma.
Ashwani Gujral of ashwanigujral.com advises buying Aurobindo Pharma, Voltas and Sun Pharmaceutical Advanced Research Company.
Mitessh Thakkar of miteshthacker.com recommends buying HDFC Bank, Lupin, Larsen & Toubro and Delta Corp.
Mitessh Thakkar of mitesshthakkar.com recommends buying Sonata Software, United Breweries, SAIL, Aurobindo Pharma and Balrampur Chini.
Mitessh Thakkar of miteshthacker.com advises buying Aurobindo Pharma with a target of Rs 710.
Mayuresh Joshi of Angel Broking is of the view that one may hold Alkem Laboratories.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Aurobindo Pharma.
At the current juncture, 10,000 put and 10,500 call options are attracting trader’s attention and will remain in a range for the index for the few sessions.
Mitessh Thakkar of miteshthacker.com suggests buying Dish TV with a stop loss of Rs 79 for target of Rs 83 and advises buying NBCC with a stop loss of Rs 254.90 for target of Rs 272 while he recommends selling Tata Communications around Rs 684, stop loss of Rs 696 for target of Rs 660.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the Nifty still looks weak and the next logical target on the downside is 10013 while stiff resistance is at 10260. The crucial support for the Nifty is at 10094-10013 and the resistance is at 10260. Bank Nifty on the other hand has support at 24782-25030 and resistance at 25400.
Ashwani Gujral of ashwanigujral.com recommends a buy on Radico Khaitan with a stop loss of Rs 280, for target of Rs 305 and a buy on Balkrishna Industries with a stop loss of Rs 2100, target of Rs 2250.
Shahina Mukadam, Independent Market Expert is of the view that one may exit Granules India on rallies.
Ashwani Gujral of ashwanigujral.com has a buy on Titan Company with a stop loss of Rs 820, target of Rs 855 and DLF with a stop loss of Rs 224, target of Rs 238.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up and the next logical target is 10585 as long as 10260 holds. The crucial support for the Nifty is at 10300-10260 and the resistance is at 10410-10585. Bank Nifty on the other hand has support at 25600 and resistance at 26000.
Prakash Gaba of prakashgaba.com feels that ITC can climb to around Rs 268.
Prakash Gaba of prakashgaba.com advises buying Automotive Axles on dips.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.