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
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.
Ashwani Gujral of ashwanigujral.com suggests buying Motherson Sumi Systems with a stop loss of Rs 168, target of Rs 180, Voltas with a stop loss of Rs 536, target of Rs 560 and Kotak Mahindra Bank with a stop loss of Rs 1120, target of Rs 1165.
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.
Buy Bank of India at Rs 93.20 with stop loss of Rs 85 for the target of Rs 109 levels, says Shabbir Kayyumi of Narnolia Financial Advisors.
Shabbir Kayyumi of Narnolia Financial Advisors suggests taking stock-specific long position with strict stop loss levels
We advise traders to go shorts in the given range Rs 92.50-93.50 for target of Rs 85, says Jayant Manglik of Religare Broking.
The Nifty may scale new highs if it sustains above 11,800, says Rupak De of Bonanza Portfolio
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
One can accumulate Bank of India around Rs 81-83 with the stop loss of Rs 72 and a target of Rs 90 and Rs 100 levels.
Investors are advised to stay long as long as the index holds above 10,750-10,700, experts said
Shabbir Kayyumi of Narnolia Financial Advisors expects the Nifty to trade within a 10,850-11,200 range going forward
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6200, target of Rs 6450 and Larsen & Toubro with a stop loss of Rs 1285, target of Rs 1340.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India with a stop loss of Rs 387.8 and target of Rs 405 and sell DLF with a stop loss of Rs 196.2 and target of Rs 182.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy ACC with a stop loss of Rs 1299 and target of Rs 1345 and sell Escorts below Rs 873 with stop loss of Rs 900 and target of Rs 830 and also sell Bank of India with a stop loss of Rs 94.2 and target of Rs 88.
Jayant Manglik of Religare Broking expects the Nifty to hold 10,550 in case of any decline, while a decisive breakout above 10,850 would trigger a fresh upmove
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Can Fin Homes with stop loss at Rs 348 and target of Rs 333 and also sell Ceat with stop loss at Rs 1322 and target of Rs 1262 while one can buy Godrej Consumer Products with stop loss at Rs 1155 and target of Rs 1185.
Prakash Gaba of prakashgaba.com is of the view that one can buy Apollo Hospitals with target at Rs 1060 and stop loss at Rs 1020 and also buy Power Grid with target at Rs 205 and stop loss at Rs 198 while advises selling Indian Oil Corporation with target at Rs 163 and stop loss at Rs 170.
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 514 and target at Rs 533, Larsen & Toubro with stop loss at Rs 1350 and target at Rs 1408 and Mahindra & Mahindra Financial Services with stop loss at Rs 485 and target at Rs 519.
Prakash Gaba of prakashgaba.com recommends buying Wockhardt with target at Rs 840 and stop loss at Rs 770 while he has a sell on Bank of India with target at Rs 96 and stop loss at Rs 108.
“50% Fibonacci retracement level of the entire downfall from Nifty all time high to its recent low around 9950 levels is placed around 10,570. Negative divergence in hourly RSI is a concern.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Cummins, Arvind, Capital First and Equitas Holdings.
The latest analysis and commentary by stock market guru Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakka, Rajat Bose, Prakash Diwan and Chandan Taparia on what is moving the markets today. Check out their top stock recommendations.
Mitessh Thakkar of miteshthacker.com advises selling Arvind with a target of Rs 372.
Vijay Chopra of enochventures.com is of the view that one may buy Sintex Industries with a target of Rs 23.
Ruchit Jain of Angel Broking is of the view that one may buy Glenmark Pharma with a target of Rs 585.