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
Dalmia Bharat,Federal Bank, and MOIL are on the radar of Anand Rathi Advisory
Krish Subramanyam of Altamount Capital advises buying Federal Bank 130 Call and Karnataka Bank 170 Call.
Ashwani Gujral of ashwanigujral.com suggests buying KNR Construction with a stop loss of Rs 270, target of Rs 287, a buy in Aurobindo Pharma with a stop loss of Rs 784, target of Rs 810 and a buy in JM Financial with a stop loss of Rs 168, target of Rs 182.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10385-10240 and the resistance is at 10486-500. On the other hand, Bank Nifty has support at 25324 and resistance at 25650.
Chandan Taparia of Motilal Oswal Securities recommends buying Federal Bank, Dalmia Bharat and Tata Motors.
BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Federal Bank, National Aluminium Company and Torrent Power and can sell Maruti Suzuki and Bank of Baroda.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
The breakout of Nifty will be confirmed once the BSE Sensex too decisively cross and sustain above its previous all-time high.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Bajaj Finance and can buy Bajaj Auto, Cipla, Federal Bank, Tata Motors DVR and BEML.
Sanjiv Bhasin of IIFL is of the view that one may see 8-10 percent upside in Federal Bank while he is cautious on Bajaj Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Maruti Suzuki, Ashok Leyland, Aurobindo Pharma, Federal Bank, DHFL and JSW Steel and can sell Indiabulls Real Estate.
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Airtel, Jubilant Foodworks, JM Financial, Century Plyboards and Gujarat Gas.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Federal Bank, Colgate and Prime Focus, among others, are being tracked by investors on Tuesday.
Mitessh Thakkar of miteshthacker.com recommends buying Federal Bank, Bajaj Auto, Mahindra & Mahindra and Sun Pharma.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Auto, Oberoi Realty, Jubilant Foodworks, Gujarat Gas, Chennai Petro and Federal Bank.
Ashwani Gujral of ashwanigujral.com suggests buying JM Financial, Federal Bank and Hindustan Unilever.
Rahul Shah of Motilal Oswal recommends buying Tata Steel, Federal Bank and Idea Cellular.
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
Mitessh Thakkar of miteshthacker.com advises buying NIIT and Federal Bank.
Federal Bank, Transport Corporation of India, NBCC are on the radar of Geojit Financial Services
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Federal Bank.
Federal Bank, NBCC, and Transport Corporation of India are on the radar of Geojit Financial Services
According to Ashwani Gujral of ashwanigujral.com, one can buy Karnataka Bank, Union Bank of India and Federal Bank.