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
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Idea Cellular and Reliance Industries and can sell Punjab National Bank, Reliance Infrastructure and Bank of Baroda.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Bank of Baroda and State Bank of India; and can buy Century Textiles and Mahanagar Gas.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India, Jindal Steel & Power, National Aluminium Company and Tata Consultancy Services and can sell Bank of Baroda.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Can Fin Home and Cummins India and can buy Bharti Infratel and Havells India.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the momentum seems to be shifting and so all rallies needs to be sold into until 10074 is taken out. The crucial support for the Nifty is at 9922-9877 and the resistance is at 10035. On the other hand, Bank Nifty has support at 24000 and resistance at 24534.
The top loser in Nifty50 Index were Indiabulls Housing Finance followed by Bajaj Finance and State Bank of India while the stocks that hit new 52-week low on the Nifty were Amara Raja Batteries, Wockhardt and Reliance Communications.
Nomura prefers ICICI Bank or Axis Bank over PSU banks.
Prakash Gaba of prakashgaba.com
Rajat Bose of rajatkbose.com suggests buying Piramal Enterprises, Bank of Baroda and Bombay Dyeing.
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits, Bank of Baroda and Reliance Infrastructure.
Yogesh Mehta of Motilal Oswal advises buying Reliance Industries, Bank of Baroda and Ashok Leyland.
Ashwani Gujral of ashwanigujral.com suggests buying PNB Housing Finance, Bank of Baroda and DCB Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Torrent Power, V-Guard Industries and Tata Global Beverage and sell Repco Home Finance and Mindtree.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bank of Baroda and Tata Motors and buy Vedanta, M&M Financial Services and Indraprastha Gas.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tata Motors DVR, India Cements and Bank of Baroda and buy GSFC and Engineers India.
Jay Thakkar of Anand Rathi Securities is of the view that one may sell Interglobe Aviation (Indigo) with a target of Rs 1160.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Container Corporation of India, TVS Motor and Future Consumer and can sell Indo Count Industries and Bank of Baroda.
Chandan Taparia of Motilal Oswal Securities recommends buying Bharat Financial Inclusion and Axis Bank and advises selling Bank of Baroda.
According to Ashwani Gujral of ashwanigujral.com, one can sell Bank of Baroda and Canara Bank and buy Century Textiles and Industries.
Rajat Bose of rajatkbose.com suggests buying Jubilant Foodworks, Bank of Baroda and Exide Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PVR and Bank of Baroda and buy Bharti Airtel and Ashok Leyland while one may hold ICICI Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Motherson Sumi Systems, Tata Global Beverage and HUL and sell Yes Bank and Bank of Baroda.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank, L&T Finance Holdings and ICICI Prudential Life Insurance.
According to Mitessh Thakkar of mitesshthakkar.com, one can buy Hero MotoCorp, Infosys and Tata Global Beverage and can sell Mahindra and Mahindra and Power Finance Corporation.