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
Nifty has support at 9175-9154 and resistance at 9414 while Bank Nifty has support at 21600 and resistance at 22000, says Prakash Gaba of prakashgaba.com.
Yogesh Mehta of Motilal Oswal recommends buying ITC, HDFC Bank and Federal Bank.
Ashish Kyal of Waves Strategy Advisors advises selling Engineers India with a target of Rs 139.
According to Ashwani Gujral of ashwanigujral.com, one can sell JSPL and buy M&M Financial Services, Federal Bank, Biocon and Gujarat Fluorochemicals.
Ashish Kyal of Waves Strategy Advisors advises buying Century Textiles with a target of Rs 1040.
Prakash Gaba of prakashgaba.com is of the view that ITC looks good and likes Federal Bank.
Banking stocks have rallied up to 80 percent in the last one year on reform push. In fact, the S&P BSE Banking index has risen nearly 16 percent so far in 2017, led by gains in Federal Bank, Yes Bank, PNB, SBI, IndusInd Bank.
During a period where the market is creating whipsaws within the trading band of 200 points, the current rally would gain credence only on a convincing move above 9,160. Here is a list of top five stocks to buy based on various technical parameters
Kunal Saraogi of Equityrush advises buying PVR with a target of Rs 1475.
Ruchit Jain of Angel Broking advises buying Arvind with a target of Rs 417.
Rajat Bose of rajatkbose.com recommends buying Maruti Suzuki, Federal Bank and Lakshmi Vilas Bank.
Yogesh Mehta of Motilal Oswal suggests buying Federal Bank, Hindalco Industries and Sun Pharmaceutical Industries.
Amit Gupta of ICICIdirect recommends buying Apollo Tyres, Siemens and Federal Bank.
Ashwani Gujral of ashwanigujral.com recommends buying V-Guard Industries, India Cements, BHEL, Federal Bank and Gujarat State Fertilizers & Chemicals.
Sandeep Wagle of powermywealth.com is of the view that one can buy DLF and Federal Bank and sell Hindustan Petroleum Corporation.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Federal Bank and South Indian Bank and sell Coal India.
After the public sector banks, private banks could also see some consolidation, believes SP Tulsian of sptulsian.com.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Bank of India, Federal Bank, IDBI Bank, Berger Paints and Akzo Nobel India.
Yogesh Mehta of Motilal Oswal Securities suggests buying Federal Bank, Glenmark Pharma and Divis Laboratories.
Kunal Saraogi of Equityrush recommends buying Titan Company with a target of Rs 400 and Federal Bank with a target of Rs 87.
SP Tulsian of sptulsian.com, explains why he is bullish on Yes Bank. He also shares his views on several other stocks, including Torrent Power and Hatsun Agro.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Rakesh Bansal of RK Global advises buying NHPC with a target of Rs 33.
In an interview with CNBC-TV18, analyst SP Tulsian talked about his views on the market and various stocks and sectors.