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 suggests buying GAIL India, Larsen and Toubro and Ujjivan Financial Services and advises selling Aurobindo Pharma and NTPC.
Ashwani Gujral of ashwanigujral.com recommends buying RCF, Future Consumer, L&T Finance Holdings, Bharat Petroleum Corporation and M&M Financial Services.
According to Prakash Gaba of prakashgaba.com, the trend is still up as long as 10000 holds. The crucial support for Nifty is at 10000 and the resistance is at 10149-10260-10536. On the other hand, bankers expect RBI to change its monetary stance and may even go for an aggressive rate cut.
Ashwani Gujral of ashwanigujral.com recommends buying Apollo Tyres, Idea Cellular and Dewan Housing Finance.
DHFL, Reliance and ITC, among others are on the radar of analysts on Monday.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views on the fundamentals of the market and specific stocks.
Ashwani Gujral of ashwanigujral.com suggests selling Dewan Housing Finance Corporation and Ashok Leyland and advises buying Sundram Fasteners.
Ashwani Gujral of ashwanigujral.com suggests buying Eicher Motors, Suprajit Engineering, Godrej Properties and DLF.
Prakash Gaba of prakashgaba.com is of the view that Bharat Heavy Electricals can climb to Rs 150 and Dewan Housing Finance may hit Rs 482.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Enterprises and can sell Voltas and Bank of India.
Ashwani Gujral of ashwanigujral.com suggests buying ITC and NBFC stocks on dips while he feels that RIL should head higher.
Yogesh Mehta of Motilal Oswal suggests buying Dewan Housing Finance, Britannia Industries and BHEL.
Ashwani Gujral of ashwanigujral.com recommends buying Dewan Housing Finance, HDFC Bank and Bajaj Finserv.
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.
Rakesh Bansal of RK Global is of the view that one may buy Bharat Forge with a target of Rs 1197.
Ashwani Gujral of ashwanigujral.com suggests buying Century Plyboards, Brigade Enterprises, HUDCO, Aurobindo Pharma and Biocon.
Ashwani Gujral of ashwanigujral.com recommends buying Ashok Leyland, Biocon and Dewan Housing Finance.
Rahul Shah of Motilal Oswal suggests buying Dewan Housing Finance, Infosys, JSW Steel and ITC.
According to Prakash Gaba of prakashgaba.com, crucial support to watch would be 9850 and the resistance is at 9916-9969. On the other hand, Bank Nifty has support at 23750 and resistance at 24000-24300.
Ashwani Gujral of ashwanigujral.com suggests buying DHFL, Bajaj Finserv and L&T Finance Holdings.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy PTC India and can sell Bank of India and Dewan Housing Finance.
Ashwani Gujral of ashwanigujral.com suggests buying Chambal Fertiliser, Dewan Housing Finance and Muthoot Finance.
Sudarshan Sukhani of s2analytics.com suggests buying Dewan Housing Finance, Vedanta and Hero MotoCorp.
Mitessh Thakkar of miteshthacker.com suggests buying Kaveri Seed Company and feels that DHFL may slip to Rs 400.
Mitessh Thakkar of miteshthacker.com is of the view that one can short Indiabulls Housing Finance.