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
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
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.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company, Hindalco Industries and Dewan Housing Finance.
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.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Oriental Bank of Commerce, Bank of India and Union Bank of India and can buy Aarti Industries and Century Plyboards.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the momentum seems to be shifting and so all rallies needs to be sold into until 10074 is taken out. The crucial support for the Nifty is at 9922-9877 and the resistance is at 10035. On the other hand, Bank Nifty has support at 24000 and resistance at 24534.
Stock has given breakout from symmetrical triangle with above average volumes on weekly charts, which is very bullish for the stock. Currently, the stock is retracing to the vertical up move that was between 3000 and 3200. Our advice would be to buy the stock at current levels and keep a stop loss at 3080.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Whirlpool and Hindalco Industries and can sell Dewan Housing Finance.
In an interview to CNBC-TV18, Abhimanyu Sofat, VP-Research at IIFL shared his readings and outlook on specific stocks and sectors.
The bad has been done or negligible is being left, one should start accumulating good quality and cheap valuations steps available in the market, says Dyaneshwar Padwal – AVP – Technical Analysis, KIFS Trade Capital to Moneycontrol.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell ICICI Bank, Jet Airways and DLF and advises buying Ajanta Pharma and Torrent Pharma.
Ashwani Gujral of ashwanigujral.com suggests buying Jaiprakash Associates and JK Tyre and Industries and feels that DHFL can test Rs 585.
Hindalco's business is robust and de-risked. Novelis and copper segments operate on conversion model, with LME being a pass-through.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, Biocon and Hindalco Industries and sell Castrol India.
With PM Modi’s vision of making every Indian car electric by 2030, stocks of automakers and ancillary companies which produce electric parts or vehicles are likely to take off.
Sudarshan Sukhani of s2analytics.com recommends buying Hindalco Industries and Britannia Industries.
Chandan Taparia of Motilal Oswal Securities recommends buying NMDC, IndusInd Bank and Eicher Motors.
Ashwani Gujral of ashwanigujral.com suggests buying Eicher Motors on every dip.
Glenmark, L&T and HDFC Bank, among others, are on the radar of investors on Friday.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy NIIT Technologies, NMDC and Ashok Leyland and sell Infibeam.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bank of Baroda and Tata Motors and buy Vedanta, M&M Financial Services and Indraprastha Gas.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC, Hindalco Industries and Reliance Industries.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India, BEML, Hindalco Industries and Tech Mahindra.
According to Prakash Gaba of prakashgaba.com, 9740 is a very crucial support and breach of 9740 could bring in more selling while stiff resistance exists at 9912. He recommends buying Oil India while advises selling HCL Tech, Bharat Financial Inclusion and Hindalco Industries.
Rahul Shah of Motilal Oswal recommends buying Aurobindo Pharma, Federal Bank and Hindalco Industries.