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
Mitessh Thakkar of miteshthacker.com suggests buying Cipla and Indusind Bank.
SBI, Cipla and TVS Motor, among others, are being tracked by investors on Monday.
According to Prakash Gaba of prakashgaba.com, 9700 is a crucial support to work with and 9900 is the resistance to deal with. Volatility is not ruled out as this is a truncated week. The crucial support for Nifty is at 9700-9640 and the resistance is at 9900. On the other hand, Bank Nifty has support at 23750 and resistance at 24300.
Hemant Thukral of Aditya Birla Money recommends buying NMDC and Cipla.
Ashwani Gujral of ashwanigujral.com recommends buying V-guard Industries, Cipla and Larsen & Toubro.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Britannia Industries and sell UltraTech Cement and Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Bajaj Auto, Cipla and DLF and can sell Tata Communications and Amara Raja Batteries.
Traders should be very cautious at these higher levels whereas any dip should be treated as an opportunity of going long.
The trend is still up and has not been compromised and the next logical technical target in the days to come is 9969 as long as 9850 holds. The crucial support for the Nifty is at 9850 and the resistance is at 9969, says Technical Analyst Prakash Gaba of prakashgaba.com.
VK Sharma of HDFC Securities recommends buying Maruti Suzuki, Eicher Motors, Cipla, Gujarat Alkalies, Tata Chemicals and United Spirits.
Hemant Thukral of Aditya Birla Money is of the view that one may prefer Dr Roddy’s Laboratories and Sun Pharmaceutical.
Prakash Gaba of prakashgaba.com is of the view that if Nifty continues to slide then the next logical technical target is 9466-9439-9400. The crucial support for the Nifty is at 9466-9439-9400 and the resistance is at 9560-9591.
Ruchit Jain of Angel Broking advises buying Century Textiles with a target of Rs 1160.
Ashwani Gujral of ashwanigujral.com advises selling Cipla and Biocon.
Yogesh Mehta of Motilal Oswal Securities advises buying ITC, Federal Bank and Bharat Forge.
Formulations plant of Dr Reddy's Laboratories at Srikakulam gets inspected and gets 1 observation from United States Foods and Drug Authority (US-FDA). The plant was inspected with zero observations last time.
In an interview to CNBC-TV18, Deven Choksey, MD of KR Choksey Investment Managers shared his views on public sector banks, Reliance Industries Ltd (RIL), IT and pharma.
Shahina Mukadam, Independent Market Expert is of the view that one may hold Divis Laboratories.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9630-9580 and the resistance is at 9724 and he picks Hindustan Zinc, Nalco and TVS Motor as bullish plays and HDIL as a bearish play.
Tata Motors, Tata Steel, HDFC Bank and Infosys, among others are on the radar of investors on Thursday
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on the market and specific stocks.
In an interview to CNBC-TV18, Rahul Arora, CEO at Nirmal Bang Institutional Equities, shared his views on various stocks and sectors.
Cipla Q4 net loss narrowed to Rs61.79 crore but muted EBITDA margins led to a downgrade by CLSA to underperform from outperform earlier.
Cipla, Indian Oil, and Britannia, among others are on the radar of analysts today.