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 recommends buying Sun TV Network with a stop loss of Rs 550, target of Rs 575 and Power Finance Corporation with a stop loss of Rs 104, target of Rs 116.
According to the brokerage, medium & heavy commercial vehicle segment sales are expected to fall by 19-21 percent YoY.
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.
Traders can accumulate the stock in a range of Rs 255-259 for the upside target of Rs 281 levels and a stop loss below Rs 240, says Shitij Gandhi of SMC Global Securities.
Sudarshan Sukhani of s2analytics.com suggests buying Maruti Suzuki with stop loss at Rs 7570 and target of Rs 7800, Century Textiles with stop loss at Rs 905 and target of Rs 965 and Cadila Healthcare with stop loss at Rs 354 and target of Rs 382.
On Friday, Nifty November futures closed at 10,518, however, the index is trading below its max pain strike level of 10,600 for the first time in this series
Hindalco, Maruti Suzuki and ICICI Bank are among the big Nifty names that Motilal Oswal is placing its bet on, this Diwali.
Traders can buy the stock in the range of Rs 258-262 with a stop loss below Rs 240 (closing) for the target of Rs 289, says Abhishek Mondal of Guiness Securities.
As per the options data, the immediate support level is seen around 10,200 and 10,000 levels whereas 10,700 will act as a strong hurdle in the November expiry.
Rajesh Agarwal of AUM Capital recommends buying JK Tyre & Industries with stop loss at Rs 101 and target of Rs 113, CESC with stop loss at Rs 690 and target of Rs 742 and Just Dial with stop loss at Rs 492 and target of Rs 528.
HDFC Securities has selected the stock on two criteria – capital preservation (for now) and alpha generation (for later).
Traders can take a short position in the range of Rs 243-247 for the downside target of Rs 229 with a stop loss above Rs 258, says Shitij Gandhi of SMC Global Securities.
On bounce, the index will face strong resistance at 10,400-10,450 levels.
Rajesh Agarwal of AUM Capital recommends buying Cholamandalam Investment with stop loss at Rs 1039 and target of Rs 1100, Adani Ports with stop loss at Rs 309 and target of Rs 330 and GSFC with stop loss at Rs 85 and target of Rs 94.
Sudarshan Sukhani of s2analytics.com suggests buying ACC with stop loss at Rs 1505 and target of Rs 1580 and HCL Technologies with stop loss at Rs 1070 and target of Rs 1100.
We recommend investors to buy Exide Industries for the upside target of Rs 285 and place a stop loss below Rs 250, says Nandish Shah of HDFC Securities.
Rajesh Agarwal of AUM Capital recommends buying Can Fin Homes with stop loss at Rs 252 and target of Rs 274 and Lakshmi Vilas Bank with stop loss at Rs 82 and target of Rs 90.
Nandish Shah of HDFC Securities advised investors to go long in Nifty with a stop loss of 10,800 levels
Sudarshan Sukhani of s2analytics.com suggests buying Divis Labs with stop loss at Rs 1365 and target of Rs 1425, Hindustan Unilever with stop loss at Rs 1620 and target of Rs 1680 and Infosys with stop loss at Rs 716 and target of Rs 746.
These include names such as IOC, BPCL, Hero MotoCorp, Shree Cements, Ambuja Cements, Havells India, HPCL, ACC, Exide Industries, IGL, and Amara Raja Batteries.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy HCL Tech with a stop loss of Rs 1008 and target of Rs 1060 and can sell Indian Bank with a stop loss of Rs 339.5 and target of Rs 322 and Repco Home with a stop loss of Rs 593 and target of Rs 560.
Traders can buy the stock in the range of Rs 283-286 with a stop loss below Rs 260 and target of Rs 320, says Abhishek Mondal of Guiness Securities.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance above Rs 2765 with stop loss of Rs 2744 and target of Rs 2840, Cummins India with a stop loss of Rs 674 and target of Rs 705 and India Cements with a stop loss of Rs 118.8 and target of Rs 129.
At present, Nifty is looking exhausted at higher levels. Overall, it looks overstretched and has formed a ‘Tweezer Top’ kind of pattern on the daily scale, which indicates some sort of consolidation in the near term.
Rajesh Agarwal of AUM Capital recommends buying Sun TV Network with stop loss at Rs 804 and target of Rs 825, Godawari Power with stop loss at Rs 449 and target of Rs 490 and VIP Industries with stop loss at Rs 534 and target of Rs 575.