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
We advise investors to accumulate quality midcap stocks from a medium-term perspective
When a medium-term moving average (50-day) crosses above a longer-term moving average (200-days) it is termed as a Golden Cross
Banking and financials may take a breather after the exceptional run. IT, metal and auto would help the benchmark to move higher from hereon
Sudarshan Sukhani of s2analytics.com recommends buying Hexaware Tech with stop loss at Rs 352 and target of Rs 368, Tata Consultancy Services with stop loss at Rs 1995 and target of Rs 2070 and ICICI Prudential Life Insurance with stop loss at Rs 354 and target of Rs 370.
VIX has seen cooling off from high of 19 this month. Further decline with be positive for the market and for breakout to sustain. Rise in VIX from current level would put a pause in current rally.
Among the large-caps investors can focus on select stocks from sectors like banks, select pharmaceuticals, IT services, metals & mining, and oil & gas, said the report.
Sudarshan Sukhani of s2analytics.com recommends buying Sun Pharma with stop loss at Rs 438 and target of Rs 458, ICICI Bank with stop loss at Rs 348 and target of Rs 360 and Britannia Industries with stop loss at Rs 3020 and target of Rs 3130.
Ashwani Gujral of ashwanigujral.com recommends buying Motherson Sumi Systems with a stop loss of Rs 157, target of Rs 172, ONGC with a stop loss of Rs 144, target of Rs 158 and Voltas with a stop loss of Rs 562, target of Rs 578.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra with stop loss at Rs 800 and target of Rs 820 and Interglobe Aviation with stop loss at Rs 1050 and target of Rs 1180.
Being a Navratna Company, it is paying huge dividend to shareholders. It has paid 200 percent dividend for FY18. Technically also stock is ready for up move.
For next week, Nifty has strong support at 10,730-10,650 levels and resistance at 10,870-10,940 levels
On the downside breaking below 10,641, market can see decline towards 10,535 and then 10,350
Sudarshan Sukhani of s2analytics.com advices selling Balkrishna Industries with a stoploss of Rs 910 and target of Rs 880.
Prakash Gaba of prakashgaba.com recommends buying BEL with target at Rs 92 and stop loss at Rs 87 and BEML with target at Rs 950 and stop loss at Rs 910.
Manali Bhatia of Rudra Shares & Stock Brokers said overall technical setup and options data suggests Nifty is likely to swing in 10,960-10,650 range before any fresh directional move
Sudarshan Sukhani of s2analytics.com suggests buying Adani Ports with stop loss at Rs 321 and target of Rs 372, Ajanta Pharma with stop loss at Rs 1050 and target of Rs 1180 and MRF with stop loss at Rs 65200 and target of Rs 68500.
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits with a stop loss of Rs 556, target of Rs 580, Arvind with a stop loss of Rs 340, target of Rs 357 and Hindustan Unilever with a stop loss of Rs 1580, target of Rs 1640.
Sudarshan Sukhani of s2analytics.com suggests buying Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135, Glenmark Pharma with stop loss at Rs 606 and target of Rs 636 and Havells India with stop loss at Rs 585 and target of Rs 630.
PE multiple is widely used as a valuation tool that helps in screening a stock on a relative basis.
With decent volume participation witnessed, we recommend a buy in this scrip for an upside target of Rs 101.5, says Shabbir Kayyumi of Narnolia Financial Advisors.
A word of caution, India VIX has cooled to 18.62 but it still remains high. So, traders should initiate long positions while keeping strict stop losses
Mitessh Thakkar of mitesshthakkar.com suggests buying United Spirits around Rs 490 with stop loss of Rs 480 and target of Rs 513 and Radico Khaitan with a stop loss of Rs 320 and target of Rs 348.
Sudarshan Sukhani of s2analytics.com suggests buying Aurobindo Pharma with a stop loss at Rs 780 and target of Rs 810, Mindtree with stop loss at Rs 1150 and target of Rs 1200 and RBL Bank with stop loss at Rs 590 and target of Rs 620.
The S&P BSE Sensex lost 256 points while the Nifty50 ended 0.78 percent lower for the week ended 7 September.
In the last one month, brokerage houses downgraded several stocks either due to weak corporate earnings, higher valuations or stock-specific news.