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
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2508 and target of Rs 2585, Berger Paints with a stop loss of Rs 322.5 and target of Rs 340 and Indian Bank with a stop loss of Rs 238.5 and target of Rs 255.
Rajat Bose of rajatkbose.com recommends buying Cadila Healthcare with stop loss below Rs 350.80 for target of Rs 356.90 and Colgate Palmolive with stop loss below Rs 1259.90 for targets of Rs 1299 and Rs 1308.
Sudarshan Sukhani of s2analytics.com recommends selling Axis Bank with stop loss at Rs 627 and target of Rs 614, Syndicate Bank with stop loss at Rs 35.70 and target of Rs 33.30 and Jain Irrigation Systems with stop loss at Rs 67.05 and target of Rs 63.40.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance with a stop loss of Rs 2414 and target of Rs 2490, Escorts with a stop loss of Rs 678 and target of Rs 718 and Balkrishna Industries with a stop loss of Rs 972 and target of Rs 1022.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 920, target of Rs 945, Ajanta Pharma with a stop loss of Rs 1130, target of Rs 1165 and Bajaj Finance with a stop loss of Rs 2400, target of Rs 2520.
Brexit-related developments, Italy accepting fiscal prudence measures, IL&FS saga as well as liquidity issues, along with elections in states and at the Centre to be key cues for the market ahead.
Sudarshan Sukhani of s2analytics.com suggests buying Britannia Industries with stop loss at Rs 5700 and target of Rs 6300, Bank of Baroda with stop loss at Rs 110 and target of Rs 125 and Eicher Motors with stop loss at Rs 24000 and target of Rs 27500.
The Q2FY19 earnings season so far has been in line with the expectations. Strong results declared by IT companies, upbeat numbers from RIL and robust growth reported by the FMCG companies are indicative of sustained demand environment.
Bajaj Finance holds the unique distinction of featuring in the top 10 of both biggest and the fastest wealth creators.
Looking at the above technical evidence, we are expecting a rally towards 10,600 – 10,700 in Nifty in coming months, said Jay Purohit, Technical & Derivatives Analyst at Centrum Broking Limited
Axis Direct highlights how the year has been a volatile one, with US-China trade tensions, rising crude prices, depreciating rupee, and debt market liquidity crisis dominating cues that are responsible for a correction in the market
Sudarshan Sukhani of s2analytics.com suggests buying Bata India with stop loss at Rs 860 and target of Rs 920, Dabur India with stop loss at Rs 400 and target of Rs 420 and Voltas with stop loss at Rs 520 and target of Rs 544.
Ashwani Gujral of ashwanigujral.com suggests buying Apollo Hospitals with a stop loss of Rs 1120, target of Rs 1160 and Colgate Palmolive with a stop loss of Rs 1110, target of Rs 1155.
Prakash Gaba of prakashgaba.com advises buying NIIT Tech with a stoploss of Rs 1150 and target of Rs 1250.
Nalin Shah of NVS Brokerage said on the domestic front, the uncertainty surrounding upcoming state elections and the government's inability to spruce up exports will continue to keep the rupee under pressure
As the market continues to observe weak cues on the global front, coupled with nervous sentiment among domestic investors, it is likely to keep Nifty index vulnerable in the short-term
Rajesh Agarwal of AUM Capital recommends buying CESC with stop loss at Rs 884 and target of Rs 935, Bandhan Bank with stop loss at Rs 458 and target of Rs 485 and AU Small Finance Bank with stop loss at Rs 599 and target of Rs 645.
Rajesh Agarwal of AUM Capital recommends buying Bajaj Finance with stop loss at Rs 2198 and target of Rs 2350, NIIT Technologies with stop loss at Rs 1163 and target of Rs 1235 and Bandhan Bank with stop loss at Rs 498 and target of Rs 530.
Tight liquidity conditions combined with specific credit issues (IL&FS) led to a big reset for NBFCs as well as housing finance companies (HFCs).
Sudarshan Sukhani of s2analytics.com suggests buying Divis Labs with stop loss at Rs 1365 and target of Rs 1425, Hindustan Unilever with stop loss at Rs 1620 and target of Rs 1680 and Infosys with stop loss at Rs 716 and target of Rs 746.
Prakash Gaba of prakashgaba.com is of the view that one can buy Jindal Steel & Power with target at Rs 240 and stop loss at Rs 227 and Titan Company with target at Rs 860 and stop loss at Rs 810 and can sell Canara Bank with target at Rs 235 and stop loss at Rs 250.
Rahul Mohindar of viratechindia.com is of the view that one can sell Tata Consultancy Services with target of Rs 2085 and stop loss at Rs 2085 and buy Dr Reddy's Laboratories with target of Rs 2680 and stop loss at Rs 2460.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Forge with a stop loss of Rs 658 and target of Rs 690 and Century Textiles and Industries with a stop loss of Rs 940 and target of Rs 1000 and can sell Sun TV with a stop loss of Rs 781 and target of Rs 740.
The sharp rally in the market since July may have caught many investors by surprise, but analysts feel long-term investors should opt for largecaps as compared to midcaps
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.