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
As long as the Nifty holds above 11,260 levels, Ashish Chaturmohta of Sanctum Wealth Management expects the index to head towards 11,470 levels
Traders can accumulate the stock in a range of Rs 270-273 for the target of Rs 303 and a stop loss below Rs 252.
Rajesh Agarwal of AUM Capital is of the view that one may buy Hindalco Industries with a target Rs 216.
Shitij Gandhi of SMC Global Securities said the current trend on the Nifty is likely to continue towards 11,200-11,220 in expiry week
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Britannia Industries with a target Rs 6540.
Commodity prices rallied sharply between February and May 2018, which was beneficial to companies which are directly linked with like metals and select oil stocks, but falling prices is generally good for companies which use these commodities as their raw material.
We recommend buying Exide Industries for the upside target of Rs 285 and keeping a stop loss placed below Rs 258, says Nandish Shah of HDFC Securities.
Mitessh Thakkar of mitesshthakkar.com recommends buying Exide Industries with a stop loss of Rs 264.9 and target of Rs 280, RBL Bank with a stop loss of Rs 570 and target of Rs 600 and HCL Tech with a stop loss of Rs 949 and target of Rs 985.
Ashish Chaturmohta of Sanctum Wealth Management said if the Nifty continues to hold above 10,790, the index can rally initially towards 10,929 and then possibly towards 11,100 levels.
Rajesh Agarwal of AUM Capital recommends buying HCL Technologies with stop loss at Rs 940 and target of Rs 984, Mahanagar Gas with stop loss at Rs 817 and target of Rs 855 and Hexaware Technologies with stop loss at Rs 501 and target of Rs 525.
Rajesh Agarwal of AUM Capital recommends buying Aurobindo Pharma with stop loss at Rs 612 and target of Rs 645, Bandhan Bank with stop loss at Rs 545 and target of Rs 575 and Marico with stop loss at Rs 335 and target of Rs 349.
Jayant Manglik of Religare Broking said though the Nifty is still showing resilience despite the global turmoil, continuous underperformance has turned sentiment bearish in the broader market.
Reliance Securities’ Rajeev Srivastava advises investors to invest in quality stocks, which are less vulnerable to macro concerns and have healthy cash flow visibility
Ashwani Gujral of ashwanigujral.com recommends buying Cipla with a stop loss of Rs 610, target of Rs 650, Bata India with a stop loss of Rs 854, target of Rs 870 and Jubilant Foodworks with a stop loss of Rs 1370, target of Rs 1420.
The focus of investors should be on buying quality which could withstand the correction and outperform index when the market starts rising.
"The immediate resistance for the Nifty is placed at 10,735. If the index crosses above this level then the next target is seen at 10,800-10830," says Ashish Chaturmohta of Sanctum Wealth Management.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
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Technical Analyst, Prakash Gaba suggests buying Infosys with a target of Rs 1210.
On the volumes front, the stock has witnessed significant rise around breakout level indicating increased participation on the rally, says Rajesh Palviya of Axis Securities.
We have collated a list of 12 stock strategies that investors could deploy ahead of the Karnataka election verdict on Tuesday.
Karnataka election outcome would be the major trigger for the market in the coming week, and If NDA wins with a clear majority, then there are chances Nifty could scale up towards 11,000 levels in May series itself
Compared to 2017, the mid-cap space looks promising at current levels, and investors always look for a sector that has more steam in it, said Ritesh Ashar, Chief Strategy Officer at KIFS Trade Capital.
Now all eyes are on corporate earnings and Karnataka elections along with crude oil movement, experts suggest.
Going forward, 25,000 is the immediate peak and is also the psychological mark that will act as a strong resistance for the Bank Nifty.