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 has a sell on BEML with a stop loss of Rs 1711 for target of Rs 1640 and a buy on Jindal Steel & Power with a stop loss of Rs 167.50 for target of Rs 178.
Sandeep Wagle of powermywealth.com recommends buying Sun TV Network and PTC India and advises holding RBL Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and Kaveri Seed Company and can buy Coal India and Hexaware Technologies while one can hold Yes Bank and Vedanta.
Sudarshan Sukhani, s2analytics.com is of the view that one can buy Coal India, Dewan Housing Finance Corporation, Hindustan Unilever and TVS Motor Company and can sell Ajanta Pharma.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Vijay Chopra of enochventures.com feels that Coal India may test Rs 320.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Amara Raja Batteries and Kajaria Ceramics and can buy Bharat Electronics and Dabur India while one can hold Coal India.
Believe that the hike was higher than factored in hike figure and it could also mean an impact on dividend payout.
Coal India, Axis Bank and pharmaceuticals, among others, are being tracked by investors on Wednesday.
Ashwani Gujral of ashwanigujral.com is of the view that one may prefer Tata Steel and Vedanta.
Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Securities suggests buying Bharat Financial Inclusion, Coal India and Dalmia Bharat.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy HCL Technologies, Yes Bank and Jubilant Foodworks.
Research and broking house IDFC Securities has a buy on Coal India with a target of Rs 310 and expects EBITDA CAGR of 21 percent over FY17-20 with dividend per share of Rs 19 and Rs 23 for FY18 and FY19 respectively.
Coal India, Titan and GAIL, among others, are on the radar of investors on Tuesday.
Moneycontrol attempts to identify stocks that wise investors should use to duck and weave through this particular storm.
Chandan Taparia of Motilal Oswal Securities is of the view that one may buy Maruti Suzuki and Coal India.
According to Mitessh Thakkar of mitesshthakkar.com, one may buy Ashok Leyland and Coal India.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Coal India and ONGC.
The range of 10,000-9,800 levels will remain crucial in the current expiry and the move is expected to remain volatile with negative movement, as indicated by option open interest concentration.
Titan, Hero Moto and financials, among others, are being tracked by investors on Tuesday.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Sobha and Ujjivan Financial Services and sell Coal India.
Mitessh Thakkar of miteshthacker.com suggests buying Cipla and Coal India.
Chandan Taparia of Motilal Oswal Securities suggests buying L&T Finance and Hexaware Technologies and advises trading Bull Call Spread in Coal India.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell MRF, Interglobe Aviation, Amara Raja Batteries and Vedanta and buy Sun Pharmaceutical Industries.
According to Prakash Gaba of prakashgaba.com, we are back into consolidation as expected with crucial support for the Index at 10028-9996 and the resistance at 10138-10150. On the other hand, Bank Nifty has support at 24800 and resistance at 25100.