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
Jay Thakkar of Anand Rathi is likely to stay within a broader range of 9,500-11,100 in the medium term
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.
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla with stop loss at Rs 605 and target of Rs 635, Kotak Mahindra Bank with stop loss at Rs 1300 and target of Rs 1360 and Godrej Consumer Products with stop loss at Rs 1160 and target of Rs 1190.
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.
"Technical evidence indicates that the stock is getting accumulated on dips and is now all set to appreciate from here with the rise in momentum," says Vinay Rajani of HDFC Securities.
Prakash Gaba of prakashgaba.com recommends buying CG Power with target at Rs 84 and stop loss at Rs 81.50, a buy on ITC with target at Rs 275 and stop loss at Rs 265 and a buy also on Jet Airways with target at Rs 680 and stop loss at Rs 630.
Mitessh Thakkar of miteshthacker.com advises selling Arvind with a target of Rs 372.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell CG Power and can buy Godrej Consumer.
Ashwani Gujral of ashwanigujral.com recommends buying Sun Pharmaceutical Industries, RBL Bank and CG Power.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Chemicals, CG Power and SREI Infra.
Sustaining above 10,550 levels on tradable basis Nifty can rally initially towards 10,720 and then 10,840 levels. On the downside, the index has support at 10,400 which was last week low and a break below the said level may trigger a decline towards 10,320 and then 10,230 levels, says Ashish Chaturmohta, Head of Technicals and Derivatives, Sanctum Wealth Management.
Ashwani Gujral of ashwanigujral.com recommends buying L&T Finance Holdings, CG Power and South Indian Bank.
Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge and CG Power.
Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge with a target at Rs 738-743.
Shahina Mukadam, Independent Market Expert is of the view that one may sell L&T Finance Holdings with a target of Rs 165.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Page Industries and CG Power.
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. In this CNBC-TV18 special show '18 for 18', SP Tulsian of sptulsian.com gave 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.
Amit Gupta of ICICI Direct is of the view that one may buy Havells India and CG Power.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Muthoot Finance and IndusInd Bank and can buy Repco Home Finance.
Rajat Bose of rajatkbose.com is of the view that one can buy Cipla and Escorts and can sell CG Power and Dewan Housing Finance.
Mitessh Thakkar of miteshthacker.com has a buy on Bharat Electronics with a stop loss below Rs 179.90 for target of Rs 195, a buy on Ceat in range of Rs 1780-1795 with stop loss of Rs 1755 for target of Rs 1860 and a buy on GSFC with a stop loss of Rs 159 for target of Rs 172.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular with a stop loss of Rs 96, target of Rs 108, a buy on MOIL India with a stop loss of Rs 258, target of Rs 273 and a buy on Torrent Power with a stop loss of Rs 278, target of Rs 293.
Acccording to Technical Analyst Prakash Gaba of prakashgaba,com, for the Nifty, 10385 becomes a stiff resistance and downside to 10240 is a possibility. The crucial support for the index is at 10240-10180 and the resistance is at 10486-500. Bank Nifty on the other hand has support at 25200 and resistance at 25800.