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
Ashwani Gujral of ashwanigujral.com recommends buying Canara Bank, IndusInd Bank, Axis Bank, Just Dial, Cipla and Asian Paints.
Ashwani Gujral of ashwanigujral.com suggests buying Steel Authority of India with a stop loss of Rs 84, target of Rs 96, a buy on BF Utilities with a stop loss of Rs 474, target of Rs 500 and a buy on Engineers India with a stop loss of Rs 188, target of Rs 202.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up, and the next logical technical target is 10486-10537 and beyond that to 10826 as long as 10385 holds. The crucial support for the Nifty is at 10385-10240 and the resistance is at 10486-537-10826. Bank Nifty on the other hand has support at 25400 and resistance at 25800.
Ashwani Gujral of ashwanigujral.com advises buying Aban Offshore, IndusInd Bank and DHFL.
Prakash Gaba of prakashgaba.com is of the view that one can go long in Bharat Financial Inclusion and IndusInd Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Indusind Bank, Nalco and Kolte-Patil Developers.
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.
The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
According to Gaurang Shah of Geojit Financial Services, one may hold Bharat Financial Inclusion.
While maintaining buy call with target price of Rs 1,850 per share, Nomura said Bharat Financial merger will not be dilutive for company.
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.
Ashwani Gujral of ashwanigujral.com advises buying Vedanta, Tata Steel and JSW Steel while he feels that Kotak Mahindra Bank is likely to hit Rs 1250.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
RIL and IndusInd Bank, among others, are being tracked by investors on Monday.
IndusInd Bank on Saturday confirmed its acquisition of microfinance institution Bharat Financial Inclusion after over a month of exclusive merger arrangement. In an interview to CNBC-TV18, Digant Haria of Antique Stock Broking and Santosh Singh of Haitong Securities shared their views and reading on the deal and the stocks.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India, Jindal Steel & Power, National Aluminium Company and Tata Consultancy Services and can sell Bank of Baroda.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Jindal Steel & Power, Sundram Fasteners, Hindalco Industries and Havells India.
TCS, Bharti Airtel and IndusInd Bank, among others, are being tracked by investors on Friday.
Sandeep Wagle of powermywealth.com is of the view that one may book profits in IndusInd Bank.
Vijay Chopra of enochventures.com is of the view that one may sell IndusInd Bank at around Rs 1800.
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.
Sharekhan has carefully chosen 10 quality picks to make another market‐beating portfolio. This portfolio is well balanced and provides superior returns, without any unnecessary risk.
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.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ACC, IndusInd Bank and Just Dial and can hold Jaiprakash Associates while one can sell BHEL.