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
Rajesh Agarwal of AUM Capital recommends buying L&T Finance Holdings with stop loss at Rs 134and target of Rs 146, Godfrey Phillips with stop loss at Rs 914 and target of Rs 965 and Vadilal Industries with stop loss at Rs 548 and target of Rs 590.
Rajesh Agarwal of AUM Capital recommends buying Hero MotoCorp with stop loss at Rs 2890 and target of Rs 2960, Just Dial with stop loss at Rs 497 and target of Rs 528 and Siemens with stop loss at Rs 904 and target of Rs 975.
Rajesh Agarwal of AUM Capital recommends buying Voltas with stop loss at Rs 523 and target of Rs 560, RBL Bank with stop loss at Rs 544 and target of Rs 562 and Strides Pharma Science with stop loss at Rs 462 and target of Rs 495.
In absence of any major cues, Indian market will be dependent on global cues this week as well as the movement of rupee against the US Dollar.
The stock is well placed above its 20, 50 and 100 day SMA which supports bullish sentiments ahead. It can be bought in the range of Rs 985-975, says Rajesh Palviya of Axis Securities.
Sideways to bullish movement in the coming session, within a range of 11,650 on the higher side and 11,450 on the lower side.
Rajesh Agarwal of AUM Capital recommends buying Godfrey Phillips with stop loss at Rs 820 and target of Rs 860, Bata India with stop loss at Rs 958 and target of Rs 995 and Berger Paints with stop loss at Rs 319 and target of Rs 340.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Bharti Airtel, Godfrey Phillips and HPCL and can buy Indraprastha Gas and Sun TV Network.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy M&M, ITC, Dish TV and Ashok Leyland and can sell Godfrey Phillips, Chennai Petro, LIC Housing and DHFL.
Sudarshan Sukhani of s2analytics.com advises selling Canara Bank, NMDC and Godfrey Phillips.
Ashwani Gujral of ashwanigujral.com recommends buying Delta Corp with a stop loss of Rs 312, target of Rs 328 and GSFC with a stop loss of Rs 154, target of Rs 168.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Godfrey Phillips with a stop loss of Rs 990 for target of Rs 930 and buy Godrej Consumer with a stop loss of Rs 980 for target of Rs 1050.
Mitessh Thakkar of miteshthacker.com has a buy on Axis Bank with a stop loss of Rs 547 for target of Rs 585 and a buy on IDFC with a stop loss of Rs 61.8 for target of Rs 67.
Mitessh Thakkar of miteshthacker.com has a buy on Andhra Bank with a stop loss of Rs 61 for target of Rs 67.50 and a sell on Cadila Healthcare with a stop loss of Rs 472.50 for target of Rs 445.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10240-10184 and the resistance is at 10380-10400. Bank Nifty on the other hand Bank Nifty has support at 25300 and resistance at 25800.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Chennai Petro and Godfrey Phillips.
Mitessh Thakkar of mitesshthakkar.com advises selling Ceat and Godfrey Phillips.
Ashwani Gujral of ashwanigujral.com suggests selling Mahindra and Mahindra and HDIL.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may sell MCX India and Godfrey Phillips.
Prakash Gaba of prakashgaba.com is of the view that Bharat Financial Inclusion can head towards Rs 1000.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Ceat, Can Fin Homes and Kolte Patil Developers.
Sudarshan Sukhani of s2analytics.com recommends buying BPCL, Hindalco Industries and Hexaware Technologies and advises shorting Aurobindo Pharma and Godfrey Phillips.
Ashwani Gujral of ashwanigujral.com suggests buying BPCL, Gruh Finance and United Spirits.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Motherson Sumi Systems, Tata Global Beverage and HUL and sell Yes Bank and Bank of Baroda.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.