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
Vikas Jain of Reliance Securities said the index will find support at its 20-day moving averages placed at 10,800 levels
At a time when most companies are struggling to show a consistent track record of growth, these 13 stocks are priced to perfection at current levels in comparison to return on capital employed (RoCE).
We are recommending buying the stock in the range of Rs 408-400 with target at Rs 430-437 and stop loss of Rs 391 with return of 7 percent, says Rajesh Palviya of Axis Securities.
"10,929 will act as strong resistance and only a weekly close above this level will negate the bearish candle. On the flip side, 10,710 will act as immediate support, followed by 10,620," says Aditya Agarwal of Way2Wealth Brokers.
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.
Vinay Rajani of HDFC Securities is of the view that one can sell Aurobindo Pharma with target at Rs 485 and stop loss at Rs 570, a sell in Muthoot Finance with target at Rs 350 and stop loss at Rs 395 and a buy in Cholamandalam Investment with target at Rs 1,700 and sto loss at Rs 1,490.
The stock is witnessing high volume along with the support placed at 20 and 50-days SMA.
Investors are advised to remain cautious and watch out for two levels: 10,770 on the upside and 10,550 on the down.
For the week, Axis Securities expects the index to trade in a 10,550-10,820 range.
The Nifty will now consolidate in the price band of 10,680-10,780 before the next leg of upmove towards 10,840 levels, says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management.
CLSA has a sell call on the stock but has raised target to Rs 390 from Rs 375 per share. Weakness in marketing and refining margins will put pressure on Q1 results.
Rajesh Agarwal of AUM Capital recommends buying Bharat Petroleum Corporation with stop loss at Rs 380 and target at Rs 410, a buy in AU Small Finance Bank with stop loss at Rs 690 and target at Rs 723 and a buy also in Infosys with stop loss at Rs 1162 and target at Rs 1206.
Positional traders can buy the stock on dips at around Rs 400-403 with a stop loss below Rs 387 (closing) for the target of Rs 438.
Here is a list of top three stocks that could deliver nearly 10 percent return.
Abhishek Mondal of Guiness Securities advises buying Bharat Petroleum Corporation with a target of Rs 438.
"Nifty may find support around the 10,600 mark. If it fails to hold this mark, the index may correction till the 10,550 zone. Strong hurdle is seen around 10,660 levels. A decisive trade above these levels would add momentum on the upside," says Rajesh Agarwal of AUM Capital.
Here is a list of top 10 stocks from different experts which are likely to see the direct or indirect impact of the rise in crude oil prices.
Oil marketing companies take into account the global performance of crude oil, excise duties and the state-wise value added tax (VAT).
The fall of 6-16 percent during the last six months can be seen as opportunity to enter into this space.
"Finishing off the session above the 30 daily EMA placed around Rs 440 levels coupled with rising RSI while +DI –DI bullish crossover is seen makes the bull case even stronger," says Jaydeb Dey of Stewart & Mackertich Wealth Management.
“Nifty breaking out 10,420 brightens the possibility of next leg of up-move towards 10,470. Buy-on-dips is advised.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
"Nifty is heading towards 10430-10480 levels i.e. 100 and 50 SMA respectively. It might face minor hurdle around 10375 zones," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com recommends buying Balrampur Chini, Can Fin Homes, Tech Mahindra, Maruti Suzuki and Indiabulls Housing Finance.
The Nifty50 is expected to open with a gap on the lower side on Friday tracking heavy sell-off in other Asian markets
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Jindal Steel & Power and BPCL and can buy Dewan Housing Finance Corporation.