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
According to Mitessh Thakkar of miteshthacker.com, one can buy Bajaj Auto and Bharti Infratel.
Ashwani Gujral of ashwanigujral.com suggests buying Sun TV Network, Maruti Suzuki, Bajaj Auto and Bharat Forge.
According to Ashwani Gujral of ashwanigujral.com, one can buy Mahindra & Mahindra Financial Services, Sun TV and JSW Steel.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Auto, Havells India, Mahindra and Mahindra, HDFC Bank, CG Power and Emami and advises selling Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Kotak Mahindra Bank, Bajaj Auto, Gujarat State Petronet and Sharda Cropchem and can sell SAIL.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Aurobindo Pharma and SAIL and buy Bajaj Auto while he feels that NBFCs are ripe for a major correction.
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.
Sameet Chavan of Angel Broking suggests buying Bharat Forge with a target of Rs 1195.
Prakash Gaba of prakashgaba.com is of the view that Bajaj Auto can climb to Rs 2880 while City Union Bank may test Rs 155.
Bajaj Auto, JSW Energy, Petronet LNG are on its radar
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Wockhardt and Bajaj Auto and advises selling Hindalco Industries, Mindtree and Just Dial.
Nifty has support at 9175-9154 and resistance at 9414 while Bank Nifty has support at 21600 and resistance at 22000, says Prakash Gaba of prakashgaba.com.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Auto and TVS Motor on dips while IOC may test Rs 440.
The best strategy for investors is to buy quality stocks on dips on any correction towards 9000, experts suggest.
Manish Sonthalia, Head - Equities, PMS at Motilal Oswal AMCis of the view that the time is good to accumulate Eicher Motors, Bajaj Auto and Maruti Suzuki.
Morgan Stanley has upgraded the stock to overweight from underweight and also raised target price to Rs 3,251.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC around Rs 1400 and prefers buying Can Fin Homes over Canara Bank.
ITC, UPL, Dr. Reddy's, among others are being watched by analysts, while steel and oil and gas too remain on their radar.
In an interview to CNBC-TV18’s Latha Venkatesh, Anuj Singhal, and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
Voltas, Navneet Education and Kotak Mahindra Bank are on the watch list of analysts. Meanwhile, insurance, pharma and autos are also in focus.
Bharat Financial Inclusion, Airtel and Zee Entertainment could be on investors' mind. Meanwhile, they also have a view on information technology and automobile sector.
Formation of hanging man after an intermediate up move on Thursday and Friday shows that the trend is exhausting as selling is emerging at a higher level.
In an interview to CNBC-TV18’s Latha Venkatesh, Anuj Singhal, and Sonia Shenoy, Deven Choksey, MD at KR Choksey Shares & Securities shared his readings and outlook on market and specific stocks.
Jay Thakkar of Anand Rathi advises buying Havells India with a target of Rs 458.