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
Mitessh Thakkar of mitesshthakkar.com recommends buying Axis bank with a stop loss below Rs 638 for target of Rs 675, ICICI Bank with a stop loss of Rs 369.4 and target of Rs 400 and MCX India with a stop loss of Rs 733 and target of Rs 765.
Prakash Gaba of prakashgaba.com recommends buying BEL with target at Rs 92 and stop loss at Rs 87 and BEML with target at Rs 950 and stop loss at Rs 910.
Traders can accumulate the stock in a range of Rs 360-364 for the upside target of Rs 386 levels and a stop loss below Rs 345, says Shitij Gandhi of SMC Global Securities.
Sudarshan Sukhani of s2analytics.com advises buying ICICI Bank with a stoploss of Rs 355 and target of Rs 368.
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
Mayuresh Joshi of Angel Broking said the year 2019 will largely be a year of stock-specific stories.
To tide the volatility, investors can spread investments over months and remain invested for at least three years: SMC Global Securities
Credit Suisse prefers investment-related stocks (due to likely continuity in public capex growth) over consumption-focussed stocks for India in 2019.
Breaking below 10,750 levels could lead to pressure in the market, says Ashish Chaturmohta of Sanctum Wealth Management.
We recommend buying ICICI Bank for the target of Rs 382 and keeping a stop loss below Rs 345, says Nandish Shah of HDFC Securities.
Brent crude futures, the international benchmark for oil prices, have slipped around 30 percent since early October to trade around $60 a barrel from around $86 a barrel
HDFC Bank remains UBS' preferred pick and it sees 26 percent CAGR earnings over FY18-21.
Sudarshan Sukhani of s2analytics.com suggests buying L&T Finance Holdings with stop loss at Rs 137 and target of Rs 142, ICICI Bank with stop loss at Rs 353 and target of Rs 363 and TCS with stop loss at Rs 1950 and target of Rs 2030.
Mitessh Thakkar of mitesshthakkar.com suggests buying Apollo Hospitals with a stop loss below Rs 1229 and target of Rs 1295 and advises selling Arvind with a stop loss of Rs 314 and target of Rs 296 and CESC with a stop loss of Rs 687 and target of Rs 651.
MOSL’s FY19/20 Nifty EPS estimates have been cut by 4.4/2.9% to Rs 515/655 v/s Rs 539/674 earlier
Elaborating on banks, analysts at the firm wrote that banks are finding the sweet spot of growth and credit quality.
Brexit-related developments, Italy accepting fiscal prudence measures, IL&FS saga as well as liquidity issues, along with elections in states and at the Centre to be key cues for the market ahead.
Nifty is likely to trade in the range of 10,480-10,800 in the coming week with a positive bias and dips should be used for buying until 10,480 holds, says Manali Bhatia of Rudra Shares & Stock Brokers
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.
A further rise in volatility is likely to put pressure on the markets. It needs to move below 17 for the market to move higher, says Ashish Chaturmohta of Sanctum Wealth Management.
Mitessh Thakkar of mitesshthakkar.com suggests selling Eicher Motors with a stop loss of Rs 22300 and target of Rs 21000 and Hindustan Zinc with a stop loss of Rs 268.25 and target of Rs 252 and advises buying Cummins India with a stop loss of Rs 779 and target of Rs 835.
The Q2FY19 earnings season so far has been in line with the expectations. Strong results declared by IT companies, upbeat numbers from RIL and robust growth reported by the FMCG companies are indicative of sustained demand environment.
Rajesh Agarwal of AUM Capital advises buying M&M with a target of Rs 810.
Sudarshan Sukhani of s2analytics.com advises buying Reliance Industries with a target of Rs 1132.
Prabhudas Lilladher says that the current volatility should be used as an opportunity accumulate fundamentally strong stocks for long term.