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
Morgan Stanley is amongst them advising a buy on banks, especially those which bore the brunt of the latest non-performing loan cycle.
Nifty index trading above 11,640 will accelerate upmove taking it higher towards the target of cup and handle pattern formed on a lower time frame which comes to 11,740 mark.
Ashwani Gujral of ashwanigujral.com recommends buying Syndicate Bank with a stop loss of Rs 40, target of Rs 47, Indian Bank with a stop loss of Rs 274, target of Rs 286 and Indiabulls Housing Finance with a stop loss of Rs 800, target of Rs 825.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Auto with stop loss at Rs 2998 and target of Rs 3058, HCL Tech with stop loss at Rs 1010 and target of Rs 1048 and HDFC Bank with stop loss at Rs 2238 and target of Rs 2275.
Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Unilever with stop loss at Rs 1700 and target of Rs 1735, Dabur India with stop loss at Rs 436 and target of Rs 448 and DCB Bank with stop loss at Rs 195 and target of Rs 204.
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Mitessh Thakkar of mitesshthakkar.com recommends buying Balkrishna Indistries with a stop loss of Rs 839 and target of Rs 885, Dabur India with a stop loss of Rs 431 and target of Rs 445 and Mahindra & Mahindra with a stop loss of Rs 638 and target of Rs 662.
Mitessh Thakkar of mitesshthakkar.com recommends selling UltraTech Cement with a stop loss of Rs 3525 and target of Rs 3300, Hindalco Industries with a stop loss of Rs 204.25 and target of Rs 190 and Indian Bank with a stop loss of Rs 214 and target of Rs 191.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dabur India with a stop loss below Rs 453 for target of Rs 474, Bharti Infratel with a stop loss of Rs 298 and target of Rs 322 and ONGC with a stop loss of Rs 145 and target of Rs 155.
V-Guard Industries, Ajanta Pharma, Infosys and Titan Company among top names
Mitessh Thakkar of mitesshthakkar.com recommends buying Arvind with a stop loss of Rs 89.5 and target of Rs 95 and ICICI Bank with a stop loss of Rs 360 and target of Rs 378.
We believe it’s a healthy retracement after the strong surge and looks all set to resume the uptrend. We advise initiating fresh longs within the given range.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 426 and target of Rs 436 and HCL Tech with stop loss at Rs 960 and target of Rs 990.
We expect the Nifty to hover within 10,600-10,950 range in the coming week, says Jayant Manglik of Religare Broking.
The Interim Budget for FY20 is likely to forecast a fiscal deficit of 3.3 percent of GDP whilst the actual fiscal deficit is likely to be 3.5 percent of GDP for FY20, suggest experts
Traders can accumulate the stock in the range of Rs 430-434 for the upside target of Rs 465 with a stop loss below Rs 410.
We advise initiating fresh long positions within Rs 420-425 range. It closed at Rs 428.15 on January 21, 2019.
Mitessh Thakkar of mitesshthakkar.com recommends buying Amara Raja Batteries with stop loss of Rs 770 and target of Rs 805, Dr Reddy's Labs with a stop loss of Rs 2619 and target of Rs 2700 and Wipro with a stop loss below Rs 340 for target of Rs 360.
The stock can be bought at current levels and on dips to Rs 425 with a stop loss below Rs 410 and a target of Rs 490, says Ashish Chaturmohta of Sanctum Wealth Management.
Traders can buy the stock around Rs 420 with an upside price target of Rs 473, and a stop loss could be placed at Rs 400.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Biocon with a stop loss of Rs 629 and target of Rs 670 and sell IndusInd Bank around Rs 1525 with stop loss of Rs 1550 and target of Rs 1480.
If the index manages to breach 11000 levels and sustain above that than another round of short covering is expected that may drive Nifty towards 11,200 levels in the coming weeks.
Sudarshan Sukhani of s2analytics.com recommends buying RBL Bank with stop loss at Rs 567 and target of Rs 590, UPL with stop loss at Rs 755 and target of Rs 780 and Dabur India with stop loss at Rs 416 and target of Rs 429.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 435 and stop loss at Rs 415 and Kajaria Ceremics with target at Rs 512 and stop loss at Rs 493.
Ashwani Gujral of ashwanigujral.com recommends buying V Guard Industries with a stop loss of Rs 220, target of Rs 234, Dabur India with a stop loss of Rs 452, target of Rs 468 and Bank of India with a stop loss of Rs 94, target of Rs 106.