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
Sandeep Wagle of powermywealth.com recommends buying Jindal Steel & Power and Ashok Leyland.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell RBL Bank and The Ramco Cement and buy JSW Steel, Jindal Steel Power and Shipping Corporation of India.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Ceat with a target of Rs 1885.
Rajat Bose of rajatkbose.com is of the view that one may stay invested in Jindal Steel & Power.
Ashwani Gujral of ashwanigujral.com advises buying Vedanta, HSIL and Brigade Enterprises.
Ashwani Gujral of ashwanigujral.com bets on financials and avoid IT and pharma stocks. Buy JSPL and sell TCs and HDIL," he adds.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9590 and resistance at 9713 while Bank Nifty has support at 23300 and resistance at 23600.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Havells India and HDFC Bank and sell Jindal Steel & Power.
Prakash Gaba of prakashgaba.com recommends buying Jindal Steel & Power and Tata Motors.
For the coming week, Bonanza Portfolio recommends traders to use buy on dip strategy. Any dip near 9,530 level will be a good buying opportunity for the short-term and for existing position.
Ashwani Gujral of ashwanigujral.com suggests buying Vedanta and Tata Steel.
Sameet Chavan of Angel Broking suggests buying Apollo Hospitals with target of Rs 1280 and Indiabulls Housing Finance with a target of Rs 1125.
According to Hemant Thukral of Aditya Birla Money, one can pick Jindal Steel & Power and Dewan Housing Finance.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9430-9400 and resistance at 9600 while Bank Nifty has support at 22800 and resistance at 23400.
Jay Thakkar of AnandRathi is of the view that one may buy Bajaj Finserv with a target of Rs 4168.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy IndusInd Bank and Jindal Steel & Power.
Mitessh Thakkar of miteshthacker.com suggests buying IndusInd Bank and Jindal Steel & Power.
Ashwani Gujral of ashwanigujral.com suggests buying UPL, Piramal Enterprises and Jindal Steel & Power.
Ruchit Jain of Angel Broking advises buying HPCL with a target of Rs 521.
Tata Motors and Jindal Steel & Power are being tracked by analysts today after they declared their results on Tuesday.
Ruchit Jain of Angel Broking suggests buying Siemens with a target of Rs 1427.
According to Sharmila Joshi of sharmilajoshi.com, one may hold Jindal Steel & Power.
Rajat Bose of rajatkbose.com advises exiting Jindal Steel & Power if it closes below Rs 104.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Coromandel International and Bajaj Auto and sell Jindal Steel & Power.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Jindal Steel & Power and Rural Electrification Corporation.