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 Ashwani Gujral of Ashwanigujral.com, one may buy ICICI Bank and Tata Global Beverage.
In an interview to CNBC-TV18's Latha Venkatesh, Surabhi Upadhyay and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Aurobindo Pharma, L&T, Karnataka Bank, Indian Bank, REC Ltd, NTPC, DLF and Sun TV are looking attractive on technical setup.
If you are in equity markets for the long haul then rest assured this rally has more legs and Nifty is well on track to hit Mount 11K.
Ashwani Gujral of ashwanigujral.com suggests buying Godrej Consumer, HDFC, Hindustan Unilever, Raymond, Uflex, Avanti Feeds and Mahanagar Gas.
Ashwani Gujral of ashwanigujral.com advises buying Bharti Airtel, Tata Steel and ICICI Bank.
Yogesh Mehta of MOSL feels that ICICI Bank may move to Rs 325 and Just Dial may test Rs 490.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bajaj Finserv and buy Century Textiles and Industries and Indraprastha Gas while he recommends holding Tata Metaliks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, Bharat Forge, Motherson Sumi Systems, MRF and Maruti Suzuki and can sell Indiabulls Real Estate.
ITC, Maruti and ICICI Bank, among others, are on the radar of investors on Monday.
Ashwani Gujral of ashwanigujral.com suggests buying ICICI Bank and Future Consumer and advises holding L&T Finance Holdings.
BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports and Special Economic Zone, Hindustan Zinc and India Cements and can sell LIC Housing Finance and Godrej Consumer Products.
Morgan Stanley in a research note said that the India government plan to recapitalise banks or troubled asset relief program (TARP) will break the five-year-plus cycle of NPLs.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers, Jaiprakash Associates and Hindustan Copper.
The breakout of Nifty will be confirmed once the BSE Sensex too decisively cross and sustain above its previous all-time high.
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
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.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Jindal Steel & Power, Sundram Fasteners, Hindalco Industries and Havells India.
According to Technical Analyst Prakash Gaba of prakashgaba.com, 10,000 has now become a crucial support to work with and the next logical technical target would be 10150-200 zones. The crucial support for the Nifty is at 10000 and the resistance is at 10150-10200. Bank Nifty on the other hand has support at 24200 and resistance at 24534.
Ashwani Gujral of ashwanigujral.com recommends buying Bombay Burmah, Delta Corp, Future Consumer and UPL.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
According to Ashwani Gujral of ashwanigujral.com, one may sell State Bank of India and ICICI Bank.