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
Nifty is likely to remain in the range of 10,740–11,100 and a move on either side would dictate the further trend.
Prakash Gaba of prakashgaba.com recommends buying Maruti Suzuki with target at Rs 5750 and stop loss at Rs 5450 and Reliance Industries with target at Rs 1205 and stop loss at Rs 1160.
Mitessh Thakkar of mitesshthakkar.com recommends buying Buy Engineers India with a stop loss of Rs 114 and target of Rs 125, GSFC with a stop loss of Rs 103 and target of Rs 1111 and Bharti Infratel with a stop loss of Rs 320 and target of Rs 342.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1150 and target of Rs 1185, NIIT Tech with stop loss at Rs 1170 and target of Rs 1210 and RBL Bank with stop loss at Rs 568 and target of Rs 585.
Rajat Bose of rajatkbose.com recommends buying Cadila Healthcare with stop loss below Rs 350.80 for target of Rs 356.90 and Colgate Palmolive with stop loss below Rs 1259.90 for targets of Rs 1299 and Rs 1308.
Sudarshan Sukhani of s2analytics.com suggests buying Reliance Industries with stop loss at Rs 1240 and target of Rs 1275, KPIT Tech with stop loss at Rs 306 and target of Rs 315 and Tata Consultancy Services with stop loss at Rs 2060 and target of Rs 2130.
Rajesh Agarwal of AUM Capital recommends buying ICICI Lombard with stop loss at Rs 782 and target of Rs 813, Mindtree with stop loss at Rs 1084 and target of Rs 1150 and Albert David with stop loss at Rs 597 and target of Rs 645.
There is limited risk-reward for any fresh longs in the index from the current levels but traders should now focus on specific stocks and sectors.
Asian Paints, Britannia Industries, Castrol India, CRISIL, HUL, ICRA, Indiabulls Housing Finance, IGL, P&G Hygiene and Health, and UltraTech Cements are stocks in which LIC raised its stake consistently for the past four quarter or 1 years.
Traders can accumulate the stock in the range of Rs 157-160 for the target of Rs 176 with a stop loss below Rs 153, says Achin Goel of Bonanza Portfolio.
The index may move down towards 10,820, and below that we see a further correction towards 10,670 levels.
Depending on the risk profile of investors, experts suggest that dividend-paying stocks could constitute 20-60 percent of one’s portfolio.
"The stock price has moved and closed above its 200-DMA (daily moving average). Moreover, the momentum indicator, such as daily RSI (14) is in bullish crossover and rising," says Achin Goel, Head of Wealth Management and Financial Planning at Bonanza Portfolio.
Here is a list of top five stocks which could give up to 15% return in the short term.
Rajesh Agarwal of AUM Capital recommends buying Container Corporation of India with stop loss at Rs 1300 and target at Rs 1357, a buy in EIH with stop loss at Rs 182 and target at Rs 200 and a buy also in Kansai Nerolac Paints with stop loss at Rs 493 and target at Rs 520.
The first half of the April series can see a pullback short covering rally, therefore strategy should be to buy the dip for a pullback rally in the first half of the April series, Aditya Agarwala, the Technical Analyst at YES Securities (I) Ltd, said in an interview to Moneycontrol's Kshitij Anand.
Mitessh Thakkar of miteshthacker.com recommends buying Castrol India with a stop loss of Rs 203.50 and target of Rs 214 and Cholamandalam Investment with a stop loss of Rs 1427 and target of Rs 1485.
Kunal Saraogi of Equityrush is of the view that oen may buy Federal Bank with a target of Rs 97.
The Upper end of the channel is placed at 10,630. A breakout from the upper end of the channel can trigger short covering rally to levels of 10,720-10,820, being 50 percent and 61.8 percent Fibonacci retracement levels respectively.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Mahanagar Gas, Castrol India and BPCL and can sell India Cements.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Canara Bank and can buy Equitas Holdings, Mahanagar Gas and Castrol India.
The upper end of the channel is placed at 10630, and a breakout from the upper end of the channel can trigger a short covering rally to levels of 10720-10820 which is being 50 percent and 61.8 percent Fibonacci retracement levels respectively.
Sandeep Wagle of powermywealth.com is of the view that one can sell Axis Bank and can buy Castrol India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Escorts and KPIT Technologies and can hold ITC while one can sell Castrol India.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Mphasis and sell Bharat Electronics.