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
Going forward, Nifty has an immediate support near 10285 and if it sustains below this level will lead to a further correction towards 10210 and 10141 levels respectively.
“We believe, that the investor in the age bracket of 35-40 years should allocate at least 70-75 percent of his portfolio into equities/MFs, 20-25% in fixed income and the balance should be in cash,” Sandeep Chordia, Executive Vice-President - Strategy, Kotak Securities told Moneycontrol.
"Any significant breach below 10,130 may drag Index further lower till 10,000 mark i.e. 78.60 percent Retracement level (Drawn from low of 9687 to high of 11,171) on daily scale which might work as strong support zone," says Rajesh Agarwal of AUM Capital.
Mitessh Thakkar of miteshthacker.com recommends buying Axis Bank with a stop loss of Rs 529 and target of Rs 551 and Britannia Industries with a stop loss below Rs 4900 for target of Rs 5200.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, Infosys, Divis Laboratories, Interglobe Aviation and BPCL and can sell Cadila Healthcare.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Mindtree, Raymond and Titan Company and can sell NBCC and Reliance Infra.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Technologies and Colgate Palmolive and can sell BEML and India Cements.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Ceat and DLF and sell Kaveri Seed and PNB.
Ashwani Gujral of ashwanigujral.com advises selling Reliance Industries and Balrampur Chini Mills.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Divis Lab with a target of Rs 1165.
Pankaj Jain of SW Capital is of the view that one may buy HEG with a target of Rs 2215.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy PC Jeweller with a target at Rs 458.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Hexaware Technologies and MRPL and can sell Bharti Infratel and Just Dial.
Mitessh Thakkar of mitesshthakkar.com suggests buying ICICI Prudential, Manappuram Finance and Divis Laboratories.
Prakash Gaba of prakashgaba.com recommends buying DLF with target at Rs 260 and stop loss at Rs 237, a buy on Larsen & Toubro with a target at Rs 1256 and stop loss at Rs 1222 and a buy also on NIIT Tech with target at Rs 660 and stop loss at Rs 662.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HPCL, Sun TV Network, Tata Consultancy Services and Bata India and can sell Canara Bank.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Divis Laboratories.
According to Sudarshan Sukhani of s2analytics.com, one may buy Divis Laboratories.
Mitessh Thakkar of miteshthacker.com advises buyinmg Axis Bank with a target of Rs 555.
Sudarshan Sukhani of s2analytics.com advises buying Tech Mahindra, Divis Laboratories and Godrej Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Enterprises and Divis Labs and can sell Canfin Homes.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Bajaj Auto, Tata Chemicals and V-Guard Industries and can sell Chennai Petroleum.
Mitessh Thakkar of miteshthacker.com suggests selling ACC with a stop loss of Rs 1734 for target of Rs 1650 and advises buying Biocon with a stop loss of Rs 412 for target of Rs 445.
Sudarshan Sukhani of s2analytics.com
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Ashok Leyland and Britannia Industries.