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
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra & Mahindra with stop loss at Rs 820 and target of Rs 850, a buy in Mindtree with stop loss at Rs 1020 and target of Rs 1065 and a buy also in Godrej Consumer Products with stop loss at Rs 1090 and target at Rs 1135.
10 stocks in LIC’s portfolio that have emerged as multi-baggers in the last one-year
Compared to 2017, the mid-cap space looks promising at current levels, and investors always look for a sector that has more steam in it, said Ritesh Ashar, Chief Strategy Officer at KIFS Trade Capital.
We expect Nifty50 will continue to consolidate in a broad range of 10,300-10,500 for the next few trading sessions before giving any fresh breakout on either side," says Aditya Agarwal, Head Technical Research at Way2Wealth Brokers Pvt. Ltd.
"As the long-term trend is strong and the counter has made a new lifetime high recently, it should now retest those highs on the resumption of the rally," says Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in.
Here is a list of top 10 technical trading ideas which could give up to 11% return in the short term.
Mid-tier companies are expected to report 2-3% constant currency revenue growth sequentially despite seasonal weakness
Ashwani Gujral of ashwanigujral.com recommends buying DHFL, Yes Bank, Axis Bank and TV Today.
"Strong support zone is seen around 10030 levels. We are expecting Nifty to trade within a range of 10030-10170 levels ahead of FOMC Meeting due later on Wednesday," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com advises selling Cipla and BEML.
IndiGo, Info Edge and NIIT Tech, among others, are being tracked by investors on Tuesday.
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.
Ashwani Gujral of ashwanigujral.com recommends buying United Spirits, Jubilant Foodworks and NIIT Technologies.
Jay Thakkar of Anand Rathi Securities is of the view that oen may buy NIIT Tech with a target of Rs 912.
Ashwani Gujral ashwanigujral.com is of the view that one may prefer HDFC, HDFC Bank, Monsters and NIIT Tech.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Can Fin Homes and Escorts and can buy Zensar Tech.
Sandeep Wagle of powermywealth.com is of the view that one can sell Karnataka Bank and Adani Ports and can buy Ashok Leyland and NIIT Tech.
The Nifty metal index extended its morning loses and was trading lower by 2.8 percent dragged by Hindalco Industries, JSW Steel, JSPL, NMDC, SAIL, Tata Steel and Welspun Corp.
Most analysts agree to one thing that it is a sell on rise kind of market as Nifty witnesses supply pressure whenever it comes closer to 10,600 levels.
Mitessh Thakkar of miteshthacker.com recommends selling Cipla with a stop loss of Rs 590 and target of Rs 564 and advises buying NIIT Tech with a stop loss of Rs 854 and target of Rs 900.
Sameet Chavan of Angel Broking suggests buying MCX India with a target of Rs 855.
Sandeep Wagle of powermywealth.com is of the view that one can buy NIIT Tech and sell Torrent Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Infrastructure and UPL and can buy Godrej Consumer Products.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Motherson Sumi with a target of Rs 343.80.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Indraprastha Gas and can sell Canara Bank.