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
The bullish bias is expected to sustain in the upcoming sessions. Below are some trading ideas for the near term.
Further downward movement seems possible in the market in the upcoming sessions. Below are some trading ideas for the near term.
'Better farm income coupled with the measures taken by the government and RBI will help improve demand conditions'
As long as the banking index is trading above 28,000, we suggest trading with buy on dip strategy. Moreover, the banking index can continue to trade in a range of 27,600-29,000 for the coming week.
Traders can accumulate the stock in the range of Rs 90-92 for the target of Rs 112 and a stop loss below Rs 84, says Achin Goel of Bonanza Portfolio.
“The trend is expected to remain positive till Nifty holds above its recent lowest closing point which is pegged at 10,767,” says Achin Goel of Bonanza Portfolio
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
"Oscillators like RSI and KST are showing strength in the stock in the short to medium-term. Therefore, we recommend investors to buy Camlin Fine Sciences for the upside target of Rs 128 and keep a stop loss below Rs 108," says Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.
The Put-Call ratio (PCR) rose sharply to 1.55 from 1.49 levels on the back of aggressive Put writing at 10,600 levels, which suggests the Nifty could find strong support around 10,600 levels.
Rajesh Agarwal of AUM Capital recommends buying India Cements with stop loss at Rs 136 and target at Rs 146, a buy in BEML with stop loss at Rs 1040 and target at Rs 1095 and a buy also in CESC with stop loss at Rs 1045 and target at Rs 1085.
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has comea long way and come on top. In this CNBC-TV18 special show '18 for 18', Prakash Diwan of Altamount Capital gave his top stock ideas for 2018.
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
Prakash Gaba of prakashgaba.com recommends buying Cummins India, Lupin, PVR and Camlin Fine Sciences.
Ruchit Jain of Angel Broking recommends buying Natco Pharma with a stoploss at Rs 995 and target of Rs 1080 and a buy on GHCL with a stoploss at Rs 286 and target of Rs 327.
Prakash Gaba of prakashgaba.com is of the view that Camlin Fine Sciences can climb to Rs 125 while JSW Energy may test Rs 70.
Nooresh Merani of Asian Market Securities is of the view that one may exit Camlin Fine Sciences on bounce.
Rajat Bose of rajatkbose.com feels that Camlin Fine Sciences may test Rs 121.
Daljeet Singh Kohli, Head of Research at India Nivesh Securities feels that Camlin Fine Sciences may test Rs 136 in next one year.
Mehraboon Irani of Nirmal Bang Securities is of the view that Camlin Fine Sciences may hit Rs 300.
Kiran Jadhav of Precision Investment Services is of the view that one may buy Radico Khaitan with a target of Rs 109.
According to CA Rudramurthy of Vachana Investments, one may buy Camlin Fine Sciences and sell Tata Steel.
Daljeet Singh Kohli of India Nivesh Securities is of the view that Camlin Fine Sciences may test Rs 136.
CA Rudramurthy BV of Vachana Investments advises buying Shipping Corporation with a target of Rs 82.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer HDFC Bank and Dalmia Bharat.
Mehraboon Irani of Nirmal Bang Securities is of the view that Camlin Fine Sciences may test Rs 250-300.