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
Mitessh Thakkar of miteshthacker.com advises buying Aurobindo Pharma with a target of Rs 710.
Ashwani Gujral of ashwanigujral.com suggests buying Vakrangee with a stop loss of Rs 735, target of Rs 770 and Mindtree with a stop loss of Rs 546, target of Rs 570 while he advises selling Bharti Infratel with a stop loss of Rs 381, target of Rs 364.
According to Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10094-10013 and the resistance is at 10260, Bank Nifty has support at 24728- 25030 and resistance at 25200.
Ashwani Gujral of ashwanigujral.com suggests buying Ashok Leyland, Bombay Burmah Trading Corporation and Can Fin Homes.
Rahul Shah, Associate VP at Motilal Oswal is of the view that one can buy Sun Pharmaceutical Industries, Tata Power and Fortis Healthcare.
Sudarshan Sukhani of s2analytics.com advises selling Fortis Healthcare.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Fortis Healthcare and HDIL and buy Relaxo Footwears.
Prakash Gaba of prakashgaba.com is of the view that Fortis Healthcare can climb to Rs 155 while Bharat Financial Inclusion can slide to Rs 930.
In an interview to CNBC-TV18's Latha Venkatesh, Anuj Singhal, and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks and sectors.
Sudarshan Sukhani of s2analytics.com is of the view that one can avoid HDFC Bank and can sell Capital First, Fortis Healthcare and Siemens and can buy Ambuja Cements and Bajaj Auto.
Mitessh Thakkar of miteshthacker.com suggests buying Fortis Healthcare and Manappuram Finance.
Ashwani Gujral of ashwanigujral.com suggests buying Lupin, NBCC and Dewan Housing Finance.
Rahul Shah of Motilal Oswal recommends buying HDFC Bank, JSW Steel and Fortis Healthcare.
Ashwani Gujral of ashwanigujral.com recommends buying India Cements, DHFL and Karnataka Bank.
According to Prakash Gaba of prakashgaba.com, some more sideways movement is expected with volatility while the resistance beyond 9912 would be 9965. The crucial support for the Nifty is at 9780-9740 and the resistance is at 9965. Bank Nifty on the other hand has support at 24250 and resistance at 24511.
Ashwani Gujral of ashwanigujral.com recommends buying Ujjivan Financial Services, Fortis Healthcare and Tata Global Beverage.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Can Fin Homes, Fortis Healthcare and Capital First.
According to Sudarshan Sukhani of s2analytics.com, one can buy Adani Ports and Special Economic Zone and Vedanta and sell Fortis Healthcare, Amara Raja Batteries and Castrol India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Container Corporation of India, TVS Motor and Future Consumer and can sell Indo Count Industries and Bank of Baroda.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com in which he shared his readings and outlook on market and specific stocks.
Axis Bank and L&T, among others are being tracked by investors on Wednesday.
Mitessh Thakkar of miteshthacker.com suggests shorting Fortis Healthcare.
Sudarshan Sukhani of s2analytics.com suggests buying Interglobe Aviation, Ambuja Cements and Power Grid Corporation of India and advises selling Union Bank of India and Fortis Healthcare.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Financial Inclusion, Eicher Motors and Apollo Hospitals and advises selling Fortis Healthcare and MCX India.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9780-9750 and the resistance is at 9911-9965. Bank Nifty on the other hand has support at 23750 and resistance at 24250. He has 3 buy calls including Ambuja Cements, Bharti Airtel and Kajaria Ceramics and a sole sell call on Fortis Healthcare.