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
Going ahead the volatility is expected to remain a part of intraday journey and traders will have to remain on toes, says Gaurav Bissa of Trustline Securities.
Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today.
Although JSW Energy's recent quarterly earnings were lower than expected, the company’s fundamentals are strong, analysts say
On the upside, the cluster of resistances is visible at every 100-150 points. So, for this week, 14,600 – 14,750 – 14,900 are points of pain for the Nifty.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 658, target of Rs 680, JSW Steel with a stop loss of Rs 262, target of Rs 278 and Asian Paints with a stop loss of Rs 1730, target of Rs 1775.
Nifty has support near 11,500-11,600 and resistance at 11,975 where the upper Bollinger band stands at.
The recent upmove in the Nifty has found initial resistance at the falling trend line on the daily chart. A clean takeout of the falling trend line, which is currently pegged at 10,772, is expected to set Nifty for a rally towards 10,830-10,900.
Rajesh Agarwal of AUM Capital recommends buying Maruti Suzuki with stop loss at Rs 9070 and target of Rs 9380, Lupin with stop loss at Rs 925 and target of Rs 946 and Bharat Forge with stop loss at Rs 618 and target of Rs 658.
Rajat Bose of rajatkbose.com recommends buying Havells India with stop loss below Rs 534 for targets of Rs 546 and Rs 553 and a buy also on Varun Beverages with stop loss below Rs 712.90 and targets are Rs 738 and Rs 750.
Dharmesh Shah of ICICIdirect.com recommends buying Bajaj Finserv with target at Rs 6095 and stop loss at Rs 5190 and has a buy also on Munjal Showa with target at Rs 269 and Stop loss at Rs 208.
"This is an ideal level to enter on the long side. The risk reward ratio is also attractive to initiate fresh long position," says Gaurav Ratnaparkhi, Senior Technical Analyst at Sharekhan.
Unless Nifty retreats below its crucial daily moving averages, which are near 10,350-10,250, it has a scope to stretch till 10,560-10,700 on the upside.
Ashwani Gujral of ashwanigujral.com recommends buying NCC with a stop loss of Rs 126, target of Rs 138 and Indraprastha Gas with a stop loss of Rs 300, target of Rs 315 while he advises selling IDBI Bank with a stop loss of Rs 76, target of Rs 68, Canara Bank with a stop loss of Rs 300, target of Rs 285 and Axis Bank with a stop loss of Rs 546, target of Rs 524.
Morgan Stanley has Overweight call on PNB with a target price at Rs 215 per share as the company reported stable asset quality and provisions were 12 percent higher than estimate.
Manoj Murlidharan of Religare Securities recommends buying JSW Energy, IFCI and ONGC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Tech, JSW Energy, Hindustan Unilever and Granules India and can sell Canara Bank.
Kunal Saraogi of Equityrush is of the view that one may buy Jindal Steel with a target of Rs 270.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Asian Paints and DCB Bank and can sell Bharti Infratel.
Vishal Malkan of malkansview.com is of the view that one may buy Hexaware Technologies with a target of Rs 375.
Ashwani Gujral of ashwanigujral.com recommends buying Jai Corp, Future Consumer and Avanti Feeds.
Ashwani Gujral of ashwanigujral.com suggests buying JSW Energy, Tata Elxsi and Tata Global.
According to Shahina Mukadam, Independent Market Expert, one may hold JSW Energy.
Sandeep Wagle of powermywealth.com is of the view that one may hold JSW Energy.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dish TV with a stop loss of Rs 79 and target of Rs 85, a buy on GMR Infra with a stop loss of Rs 19.20 and target of Rs 21 and a buy on JSW Energy with a stop loss of Rs 84 and target of Rs 91.
Manoj Murlidharan of Religare Securities recommends buying Muthoot Finance, JSW Energy and Chennai Petroleum Corporation.