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
Ashwani Gujral of ashwanigujral.com suggests selling Syndicate Bank and Engineers India and advises buying Engineers India.
Nifty has support at 9375-9312 and resistance at 9500 while Bank Nifty has support at 22450-22400 and resistance at 22800, says Prakash Gaba of prakashgaba.com.
The index may march towards 9,580-9,600 levels in the near-term. Any dip must be used as a fresh buying opportunity.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bharti Airtel, Engineers India, NCC, PC Jeweller and Coffee Day.
Vishvesh Chauhan of Monarch Networth Capital advises buying NCC with a target of Rs 107.
Mitessh Thakkar of miteshthacker.com recommends buying NCC and Engineers India.
Ashwani Gujral of ashwanigujral.com recommends buying Punjab National Bank, Ceat and Engineers India.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Financial, Engineers India, ICICI Bank and Tech Mahindra while he has a conditional sell on IGL.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9340 and resistance at 9500 while Bank Nifty has support at 22500 and resistance at 22850.
Shrikant Chouhan, Senior VP- Technical Research at Kotak Securities recommends Jain Irrigation Systems, Engineers India and Muthoot Finance.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Arvind, EIL, Godrej Consumer and ONGC and can sell Equitas Holdings.
According to CA Rudramurthy BV of Vachana Investments, one can buy Dewan Housing Finance, Engineers India and Century Textiles and Industries.
Rajat Bose of rajatkbose.com suggests buying Capital First, India Cements and Engineers India.
Mitessh Thakkar of miteshthacker.com suggests HDFC Bank and HCC.
According to Sudarshan Sukhani of s2analytics.com, one can buy ICICI Bank on strength while Hindalco Industries, Tata Steel and Vedanta to become weaker.
Ashish Kyal of Waves Strategy Advisors advises buying Indian Oil Corporation with a target of Rs 456.
Sandeep Wagle of powermywealth.com recommends buying Engineers India and GAIL India and advises selling Vedanta.
VK Sharma, Head of Business - Private Client Group at HDFC Securities suggests buying SRF 1700 Call and Engineers India 160 Call.
Traders should keep a close eye on mentioned key levels and it’s advisable to look for stock specific moves in order to fetch higher returns in the forthcoming week.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Engineers India and sell Cipla.
Gaurav Bissa of LKP Securities is of the view that one can buy Engineers India and Jubilant Foodworks and sell Tata Steel.
Ashwani Gujral of ashwanigujral.com recommends buying Dredging Corporation, Engineers India and India Cements.
Ruchit Jain of Angel Broking advises buying Pidilite Industries with a target of Rs 742.