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 recommends to accumulate NCC on the long side.
According to Sudarshan Sukhani of s2analytics.com, one may buy ITC, Engineers India, Escorts, HUL, Voltas and Tata Elxsi.
Mitessh Thakkar of miteshthacker.com suggests buying Engineers India, Bank of Baroda, Jet Airways and Nestle India.
Ashwani Gujral of ashwanigujral.com recommends a buy on Radico Khaitan with a stop loss of Rs 280, for target of Rs 305 and a buy on Balkrishna Industries with a stop loss of Rs 2100, target of Rs 2250.
Mitessh Thakkar of mitesshthakkar.com is of the view that Engineers India may test Rs 200.
Mitessh Thakkar of miteshthacker.com recommends a sell on Eicher Motors with a stop loss of Rs 30700 for target of Rs 29250 and a buy on Engineers India around Rs 181-182 with a stop loss of Rs 178.90 for target of Rs 189.
Ruchit Jain of Angel Broking is of the view that one may buy Cholamandalam Finance with a target of Rs 1333.
This no-trade zone invariably makes life miserable for index traders. One should stick to outperformers in this scenario.
We have witnessed strong call unwinding and fresh short built up in the index as results index touched 10100 levels and recommend investors to keep a more stock specific approach rather than focusing too much on the index. We also recommend investors to use every rise in the market as shorting opportunity until trading below 10230, said Rohit Singre of Bonanza Portfolio.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Elecon Engineering with a target of Rs 94.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Jet Airways, Bajaj Finance and Chennai Petro and can buy HCL Tech, Future Consumer and Kotak Mahindra Bank.
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.
Mitessh Thakkar of miteshthacker.com suggests buying Larsen & Toubro, Karnataka Bank, Sun TV and Engineers India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Motilal Oswal, Hindustan Copper, Engineers India, DHFL and Dr Lal PathLabs and advises selling Escorts.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, Divis Laboratories, Reliance Industries and Torrent Power and can sell LIC Housing Finance.
Rajat Bose of rajatkbose.com is of the view that one can sell Havells India and Engineers India and can buy CG Power.
With stability in the hydrocarbon sector along with the government's focus on speeding up investments particularly for the oil PSUs, it should help Engineers India speed up work at some of the existing projects.
Engineers India, PFC, Adani Ports, Sun TV and JSW Energy are top five stocks which could give up to 19% return in short term.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a target of Rs 340, Bank of India with a target of Rs 200 and National Aluminium Company with a target of Rs 93.
There was plenty of stock specific action as nearly 130 stocks rose to a fresh 52-week high on the BSE.
According to Technical Analyst Prakash Gaba of prakashgaba.com, 10,000 has now become a crucial support to work with and the next logical technical target would be 10150-200 zones. The crucial support for the Nifty is at 10000 and the resistance is at 10150-10200. Bank Nifty on the other hand has support at 24200 and resistance at 24534.
The benchmark index will remain under pressure for some more time but there is plenty of stock specific action which could give returns much bigger than Nifty50 or S&P BSE Sensex.
Markets are driven by massive liquidity from domestic investors as well as the optimism of a double digit earnings growth which could well start reflecting in the numbers of India Inc. in the next two quarters.
According to Sudarshan Sukhani of s2analytics.com, one can buy Bharat Forge, BPCL and Voltas and hold HDFC Bank while he advises exiting Engineers India.
Ashwani Gujral of ashwanigujral.com advises buying Engineers India, Maruti Suzuki India and Rashtriya Chemicals and Fertilisers.