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 suggests buying India Cements, Colgate Palmolive and Marico.
Ashwani Gujral of ashwanigujral.com recommends a buy on Radico Khaitan with a stop loss of Rs 280, for target of Rs 305 and a buy on Balkrishna Industries with a stop loss of Rs 2100, target of Rs 2250.
CA Rudramurthy BV at Vachana Investments suggests buying Exide Industries, JSW Energy and Jet Airways.
Manoj Murlidharan of Religare Securities
Prakash Gaba of prakashgaba.com advises buying Berger Paints, SRF and GSFC.
According to Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10300-10260-10200 and the resistance is at 10350-10410. Bank Nifty on the other hand has support at 25600 and resistance at 26000.
Prakash Gaba of prakashgaba.com is of the view that one can buy JSW Energy and HPCL.
Motilal Oswal continued to like Power Grid and NTPC, being regulated, and offering strong earnings growth potential and good visibility.
Tech Mahindra, Godrej Consumer and JSW Energy, among others, are on the radar of investors on Thursday.
Shahina Mukadam of Independent Market Expert is of the view that one may hold JSW Energy.
According to Sandeep Wagle of powermywealth.com, one may hold JSW Energy.
Prakash Gaba of prakashgaba.com likes Aurobindo Pharma for target of Rs 790 and JSW Energy for target of Rs 90.
Engineers India, PFC, Adani Ports, Sun TV and JSW Energy are top five stocks which could give up to 19% return in short term.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
CA Rudramurthy BV, Research Head at Vachana Investments is of the view that one may buy JSPL, Suzlon Energy and JSW Energy.
The bad has been done or negligible is being left, one should start accumulating good quality and cheap valuations steps available in the market, says Dyaneshwar Padwal – AVP – Technical Analysis, KIFS Trade Capital to Moneycontrol.
Vijay Chopra of enochventures.com is of the view that one may buy NMDC with a target of Rs 130.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Axis Bank and JSW Energy.
We expect this consolidation to be healthy in nature for momentum on the positive side to continue. Technical indicators also suggest a reversal from an oversold zone.
Sanjiv Bhasin of IIFL is of the view that one can pick Reliance Power, Power Grid and NTPC and is overweight on Coal India.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Infosys and buy Balkrishna Industries and JSW Steel.
Ruchit Jain of Angel Broking suggests buying Exide Industries with a target of Rs 234.
Rahul Shah of Motilal Oswal recommends buying Dewan Housing Finance, Tata Steel and JSW Energy.
The key support level for Nifty is placed at 9840 while the Index is likely to face resistance at 9965-10005. On the other hand Bank Nifty has support at 24200 and resistance at 24511-24670, says Prakash Gaba of prakashgaba.com.
Ashwani Gujral of ashwanigujral.com suggests buying CESC, Eicher Motors and VIP Industries and expects JSW Energy to head up to Rs 73.