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 Technical Analyst Prakash Gaba of prakashgaba.com, for the Nifty 10385 becomes a stiff resistance and downside to 10240 is a possibility. The crucial support for the Nifty is at 10240-10180 and the resistance is at 10385. Bank Nifty on the other hand has support at 24800 and resistance at 25200.
Mitessh Thakkar of miteshthacker.com suggests buying Balkrishna Industries, Axis Bank, Escorts and Kaveri Seed Company.
Ashwani Gujral of ashwanigujral.com suggests buying Tata Global Beverage, UPL and Future Consumer.
Prakash Gaba of prakashgaba.com feels that Ambuja Cements may test Rs 275.
According to Ashwani Gujral of ashwanigujral.com, one can buy Bajaj Auto, Sun TV, Mahindra Lifespace, Jai Corp, Balkrishna Industries, Indiabulls Real Estate and Divis Laboratories.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Balkrishna Industries, Exide Industries, Granules India and Just Dial and sell Repco Home Finance.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever, Balkrishna Industries and VIP Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Infosys and buy Balkrishna Industries and JSW Steel.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 9965 and the resistance is at 10046-10065. On the other hand, Bank Nifty has support at 24500 and resistance at 25000 and advises buying Balkrishna Industries and Berger Paints.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, Asian Paints and Jubilant Foodworks.
Rajat Bose of rajatkbose.com recommends buying Balkrishna Industries and Yes Bank.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com in which he shared his readings and outlook on market and specific stocks.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, Tata Steel and Kotak Mahindra Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC Bank and Canara Bank and sell PC Jeweller.
Sudarshan Sukhani of s2analytics.com recommends selling Ajanta Pharma, Balkrishna Industries and IDFC Bank and advises buying Indraprastha Gas and Colgate Palmolive.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 10000-9968 and the resistance is at 10149-10248-10536. On the other hand, Bank Nifty has support at 24600 and resistance at 25000-25100.
Ashwani Gujral of ashwanigujral.com recommends buying RCF, Future Consumer, L&T Finance Holdings, Bharat Petroleum Corporation and M&M Financial Services.
According to Prakash Gaba of prakashgaba.com, rucial support for the Nifty is at 10000-9968 and the resistance is at 10149-10248-10536 and recommends buying BEML, Hero Moto, Hindustan Unilever and TCS.
Mitessh Thakkar of miteshthacker.com suggests buying Federal Bank, GE T&D, Bharat Electronics and Allahabad Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Interglobe Aviation, Bajaj Finance and Balkrishna Industries.
Rajat Bose of rajatkbose.com suggests buying Balkrishna Industries and Axis Bank.
According to Rajat Bose of rajatkbose.com, one can buy Balkrishna Industries, Marico, TVS Motor and Kaveri Seed Company.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy IGL, NTPC and Hexaware Technologies and can sell HDIL.
According to Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money, one can buy Balkrishna Industries and Equitas Holdings.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, GSFC and Chambal Fertilisers.