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
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Asian Paints, Colgate and Interglobe Aviation and can sell Union Bank of India and SREI Infrastructure.
Prakash Gaba of prakashgaba.com is of the view that NIIT Tech can climb to Rs 660 while LIC Housing Finance may test Rs 580.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, UltraTech Cement, Ajanta Pharma, Bata India and Godrej Industries and can sell Reliance Infrastructure.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell ICICI Prudential Life and Adani Port.
Rakesh Bansal of RK Global advises buying Compuage Infocom with a target of Rs 75.
Sameet Chavan of Angel Broking is of the view that one may buy Kesoram Industries with a target of Rs 161.
Rakesh Bansal of RK Global is of the view that one may buy Bhagyanagar India with a target of Rs 72.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Industries, Equitas Holding, GMR Infrastructure and PC Jeweller and can sell Interglobe Aviation.
Mitessh Thakkar of miteshthacker.com suggests buying 8k Miles Software, Axis Bank, Torrent Power and Godrej Industries.
Sudarshan Sukhani of s2analytics.com advises buying Tech Mahindra, Divis Laboratories and Godrej Industries.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Kotak Mahindra Bank and can sell Godrej Industries, Bajaj Finserv and BHEL.
MindTree, Godrej Industries, and Power Grid Corporation are on the radar of Reliance Securities
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dalmia Bharat and Tech Mahindra and can hold Pincon Spirits and L&T Finance Holdings while one can sell Godrej Industries.
Mitessh Thakkar of mitesshthakkar.com recommends a buy on Aurobindo Pharma above Rs 772 with stop loss of Rs 755 for target of Rs 810 and a buy on MRF with a stop loss of Rs 63,600 for target of Rs 67,000.
We expect the Nifty to oscillate between the broad range of 9700 and 10100 levels while the focus will shift to stock specific action as we enter into Q2 earnings season.
Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the next logical technical target is 10041-10080 zones as long as 9900 holds. The crucial support for the Nifty is at 9900 and the resistance is at 9946-10041-10080. Bank Nifty on the other hand has support at 24000 and resistance at 24312-21400.
Sameet Chavan of Angel Broking is of the view that one may sell Godrej Industries with a target of Rs 542.
The idea behind creating ‘wealth’ is to find companies which can outperform benchmark indices in a Bull Run and contain damage when the equity markets decide to head south.
According to Prakash Gaba of prakashgaba.com, we are back into consolidation as expected with crucial support for the Index at 10028-9996 and the resistance at 10138-10150. On the other hand, Bank Nifty has support at 24800 and resistance at 25100.
Vijay Chopra of enochventures.com is of the view that one may hold Godrej Industries.
Analysts feel, historically, September has been a trending month for the market that is closer to its record high; hence, it will be an interesting month to watch for. They don't rule out new highs in the current month.
Sandeep Wagle of powermywealth.com suggests buying Adani Power and Godrej Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one may prefer Godrej Industries, Godrej Consumer Products, Hindustan Unilever and Bajaj Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy United Spirits and SREI Infra and sell Apollo Tyres and Ceat.