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
According to Technical Analyst Prakash Gaba of prakashgaba.com, if the Nifty moves up then the next technical target is 10486 otherwise the crucial support to watch would be 10344. The resistance for the Index is at 10486, Bank Nifty on the other hand has support at 24800 and resistance at 25200.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Idea Cellular and Reliance Industries and can sell Punjab National Bank, Reliance Infrastructure and Bank of Baroda.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Ashwani Gujral of ashwanigujral.com advises buying Vedanta, Tata Steel and JSW Steel while he feels that Kotak Mahindra Bank is likely to hit Rs 1250.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Radico Khaitan, Kotak Mahindra Bank, PVR and Torrent Power and can sell Max Financial.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Arvind, Havells India and L&T Finance Holdings and can sell Oriental Bank of Commerce.
Sun Pharma, Sobha and Tata Motors, among others, are being tracked by investors on Monday.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Balkrishna Industries, Exide Industries, Granules India and Just Dial and sell Repco Home Finance.
Sandeep Wagle of powermywealth.com is of the view that one can buy Granules India and Max Financial Services.
Ruchit Jain of Angel Broking suggests buying Exide Industries with a target of Rs 234.
It was a week of consolidation as Nifty moved in a narrow range of just 50 points, which is really a tiresome thing for the traders preferring index specific trades.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage and Hindustan Zinc while he feels that PC Jeweller and Titan Company should rally further.
Shahina Mukadam, Independent Market Expert is of the view that one may book profits in Granules India.
According to Sandeep Wagle of powermywealth.com, one may hold Granules India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services and Titan Company and can sell Sun Pharmaceutical Industries, Granules India and Divis Laboratories.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy ONGC and JSW Steel and sell Granules India, Sun TV and Wockhardt.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Reliance Infrastructure and JSW Steel and sell Lupin.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may sell Granules India, Karnataka Bank and Syndicate Bank and buy IGL and Bharat Financial Inclusion.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Sun TV Network, L&T Finance Holdings and Granules India and can sell Amara Raja Batteries and The Ramco Cements.
Sumeet Jain of Destimoney Securities suggests buying Sun Pharma Advanced with a target of Rs 354.
Mitessh Thakkar of miteshthacker.com suggests buying Granules India and Capital First.
According to Avinnash Gorakssakar, Market Expert, one may hold Granules India.
Prakash Gaba of prakashgaba.com feels that Granules India may test Rs 155-160.
Mitessh Thakkar of miteshthacker.com is of the view that one may sell Capital First, Granules India and PTC India and can buy Grasim Industries and Hindustan Zinc.
