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
Nomura prefers ICICI Bank or Axis Bank over PSU banks.
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
"It is our top idea," the research house said, adding ICICI Bank continued to make better-than-expected progress in retail space.
Ashwani Gujral of ashwanigujral.com advises buying NIIT Technologies.
Hemant Thukral of Aditya Birla Money feels that Yes Bank may test Rs 375-380.
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 is of the view that one can sell ICICI Bank, ACC and Apollo Tyres and can buy DHFL and L&T Finance Holdings.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Ajanta Pharma and can sell ICICI Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell M&M and buy Ashok Leyland, Colgate Palmolive and Divis Laboratories.
Ashwani Gujral of ashwanigujral.com recommends buying Bharat Forge, Max Financial and Tata Chemicals.
Ashwani Gujral of ashwanigujral.com suggests buying IndusInd Bank, Raymond and CESC and advises holding Yes Bank.
TCS, Infosys, Wipro and among others being tracked by investors on Monday.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IIFL Holdings, Yes Bank, IGL and Bajaj Finance and feels that Divis Lab is likely to hit Rs 1000.
Tata Steel, IndusInd Bank, and ICICI Bank, among others are being tracked by investors today.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Global Beverage and sell State Bank of India and ICICI Bank.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9840 and the resistance is at 10005-10050. Bank Nifty on the other hand has support at 24100 and resistance at 24511.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries on every dip.
Elara Capital has initiated coverage on aviation sector. It has assigned buy call for InterGlobe Aviation (IndiGo) with target price of Rs 1,737, SpiceJet with target price of Rs 170 and Jet Airways with target of Rs 610.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India, BEML, Hindalco Industries and Tech Mahindra.
Ashwani Gujral of ashwanigujral.com recommends buying Future Lifestyle, DLF and ICICI Bank.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC securities recommends buying Lupin, Sun Pharmaceutical Industries, ICICI Bank and Container Corporation of India.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9780-9750 and the resistance is at 9911-9965. Bank Nifty on the other hand has support at 23750 and resistance at 24250. He has 3 buy calls including Ambuja Cements, Bharti Airtel and Kajaria Ceramics and a sole sell call on Fortis Healthcare.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PVR and Bank of Baroda and buy Bharti Airtel and Ashok Leyland while one may hold ICICI Bank.
Ashwani Gujral of ashwanigujral.com is of the view that ICICI Bank may fall 10 percent and recommends shorting Tata Chemicals while SRF can move higher.
Ashwani Gujral of ashwanigujral.com recommends buying RCF, Future Consumer, L&T Finance Holdings, Bharat Petroleum Corporation and M&M Financial Services.