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 suggests selling Eicher Motors with a stop loss of Rs 22300 and target of Rs 21000 and Hindustan Zinc with a stop loss of Rs 268.25 and target of Rs 252 and advises buying Cummins India with a stop loss of Rs 779 and target of Rs 835.
Sudarshan Sukhani of s2analytics.com suggests buying Eicher Motors with stop loss at Rs 22000 and target of Rs 23400, HDFC Bank with stop loss at Rs 1940 and target of Rs 1980 and State Bank of India with stop loss at Rs 285 and target of Rs 315.
Mitessh Thakkar of mitesshthakkar.com suggests buying Ajanta Pharma with a stop loss of Rs 999 and target of Rs 1050 and Coal India with a stop loss of Rs 282 and target of Rs 296.
Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696 and Bank of Baroda with a stop loss of Rs 101 and target of Rs 93.
Going ahead, expect the index to undergo some time-correction for a while, but the range would be slightly wider. It's advisable to keep booking existing shorts and ideally adopt a stock-centric approach.
We advise going long for a target of Rs 116 in coming days. The stop loss can be placed at Rs 95.
Indian markets are in the midst of a correction which is likely to extend further, according to experts and hence, there will be plenty of opportunities for investors to enter into quality stocks on declines
Sudarshan Sukhani of s2analytics.com suggests buying Apollo Hospitals with stop loss at Rs 1070 and target of Rs 1120, Aurobindo Pharma with stop loss at Rs 740 and target of Rs 794 and Tata Consultancy Services with stop loss at Rs 2050 and target of Rs 2200.
Mitessh Thakkar of mitesshthakkar.com suggests selling Century Textiles & Industries with a stop loss of Rs 846 and target of Rs 815 and CESC with a stop loss of Rs 883 and target of Rs 830.
Ashwani Gujral of ashwanigujral.com suggests selling Bank of Baroda with a stop loss of Rs 114, target of Rs 105, Reliance Capital with a stop loss of Rs 342, target of Rs 328 and Repco Home Finance with a stop loss of Rs 470, target of Rs 452.
For the week, Nifty 50 index ended down 372.1 points at 11,143.1 (3.23 percent), while Sensex shed 1,249.04 points closed at 36,841.6 points (3.27 percent).
Ashwani Gujral of ashwanigujral.com suggests buying Dr Reddy's Labs with a stop loss of Rs 2470, target of Rs 2550, NIIT Tech with a stop loss of Rs 1395, target of Rs 1430 and Bank of Baroda with a stop loss of Rs 148, target of Rs 160.
Mitessh Thakkar of mitesshthakkar.com suggests buying Interglobe Aviation with a stop loss of Rs 1069 and target of Rs 1124, Oriental Bank of Commerce with a stop loss of Rs 79.5 and target of Rs 86 and Pidilite Industries with a stop loss of Rs 1129 and target of Rs 1180.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland with a stop loss of Rs 118, target of Rs 126 and can sell HDFC with a stop loss of Rs 1945, target of Rs 1890 and Larsen & Toubro with a stop loss of Rs 1300, target of Rs 1240.
Rajesh Agarwal of AUM Capital recommends buying Asian Paints with stop loss at Rs 1273 and target of Rs 1315, BEML with stop loss at Rs 795 and target of Rs 837 and Bank of Baroda with stop loss at Rs 110 and target of Rs 120.
Rajesh Agarwal of AUM Capital recommends buying Cipla with stop loss at Rs 530 and target at Rs 556, Bharat Petroleum Corporation with stop loss at Rs 395 and target at Rs 418 and a buy also in Tata Global Beverage with stop loss at Rs 255 and target of Rs 275.
We advise creating fresh short on any bounce within Rs 133-135 for target of Rs 122 per share.
Rajat Bose of rajatkbose.com recommends buying Havells India with stop loss below Rs 534 for targets of Rs 546 and Rs 553 and a buy also on Varun Beverages with stop loss below Rs 712.90 and targets are Rs 738 and Rs 750.
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
"Nifty is likely to get into a trading band of 10,510 to 10,600.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JSPL and Hindalco Industries and can buy VIP Industries.
Ashwani Gujral of ashwanigujral.com suggests selling PC Jeweller, ICICI Bank and Tata Steel.
Ashwani Gujral of ashwanigujral.com advises buying SBI, Bank of Baroda and JSPL.
Ashwani Gujral of ashwanigujral.com recommends selling Bank of Baroda, Oriental Bank of Commerce and JP Associates.
Prakash Gaba of prakashgaba.com suggests shorting Bank of Baroda and Havells India.