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 advises buying Tata Motors, Axis Bank, Century Textiles and Colgate Palmolive.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Colgate Palmolive, DLF and Tata Elxsi and can hold MMTC and Tata Communications.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ajanta Pharma, Ashok Leyland and Colgate Palmolive and can sell Idea Cellular and Tata Motors.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Gruh Finance, Praj Industries, ABB, Bank of Baroda and Colgate Palmolive (India) and advises selling Century Textiles and Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HUL, Dabur India, Arvind and ACC and sell Colgate Palmolive and Yes Bank.
Mitessh Thakkar of miteshthacker.com recommends selling HDFC Bank below Rs 1790 with stop loss of Rs 1806 for target of Rs 1755 and a sell on Marico with a stop loss of Rs 305 for target of Rs 285. He has a buy on V-Guard Industries with a stop loss of Rs 220 for target of Rs 250.
According to Technical Analyst Prakash Gaba of prakashgaba.com, if the index drifts down then it can slide to its next logical target of 10089 and 9994. The crucial support for the Nifty is at 10184-10089-9994 and the resistance is at 10270.
Prakash Gaba of prakashgaba.com is of the view that Reliance Industries likely to test Rs 925 while Bajaj Finance can climb to Rs 184.
Ashwani Gujral of ashwanigujral.com suggests buying Steel Authority of India with a stop loss of Rs 84, target of Rs 96, a buy on BF Utilities with a stop loss of Rs 474, target of Rs 500 and a buy on Engineers India with a stop loss of Rs 188, target of Rs 202.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Colgate Palmolive, Dr Reddy’s Laboratories, Glenmark Pharma and Grasim Industries and can sell Pidilite Industries.
The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Maruti Suzuki, Ashok Leyland, Aurobindo Pharma, Federal Bank, DHFL and JSW Steel and can sell Indiabulls Real Estate.
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Airtel, Jubilant Foodworks, JM Financial, Century Plyboards and Gujarat Gas.
Federal Bank, Colgate and Prime Focus, among others, are being tracked by investors on Tuesday.
Ashwani Gujral of ashwanigujral.com suggests buying HSIL, Hindustan Unilever and Colgate Palmolive.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Sun Pharma and Escorts and can sell Indiabulls Real Estate, United Spirits and Strides Shasun.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the next logical technical target is 10041-10080 zones as long as 9900 holds. The crucial support for the Nifty is at 9900 and the resistance is at 9946-10041-10080. Bank Nifty on the other hand has support at 24000 and resistance at 24312-21400.
Prakash Gaba of prakashgaba.com is of the view that one may hold Colgate Palmolive.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell M&M and buy Ashok Leyland, Colgate Palmolive and Divis Laboratories.
Amit Gupta of ICICIdirect expects 10-15 percent upside in GAIL India and Petronet LNG and advises acccumulating Havells India at around Rs 500.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Interglobe Aviation and State Bank of India and can buy Colgate Palmolive.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Titan Company, BEML and V-Guard Industries and sell Jaiprakash Associates.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IGL, Colgate Palmolive and GE Shipping and sell SBI and Vijaya Bank.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Colgate Palmolive and Bharat Forge and sell Andhra Bank and Amara Raja Batteries.
Mitessh Thakkar of miteshthacker.com advises buying Colgate Palmolive and V-guard Industries.