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 is of the view that one can buy Berger Paints and can sell LIC Housing Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Biocon, Cipla, HCL Technologies and LIC Housing Finance.
The Nifty50 rose nearly 1600 points in Samvat 2073 and expectations are that it could witness some profit booking in the near term. However, the long-term trend remains intact and the index is poised to hit 10,500-11,000 in Samvat 2074.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10150 and the resistance is at 10315-10537 while Bank Nifty has support at 25000 and resistance at 25534.
Prakash Gaba of prakashgaba.com likes Castrol India and feels that LIC Housing Finance is likely to hit Rs 687.
Ashwani Gujral of ashwanigujral.com advises buying Indiabulls Housing Finance, LIC Housing Finance and Johnson Controls -Hitachi Air Conditioning India.
Prakash Gaba of prakashgaba.com advises exiting LIC Housing Finance at around Rs 680.
Ashwani Gujral of ashwanigujral.com recommends selling Dewan Housing Finance, LIC Housing Finance and Hindustan Petroleum Corporation.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy PC Jeweller, HCL Tech, Ashok Leyland, Hindustan Unilever, Escorts and LIC Housing Finance and ,can sell Reliance Capital.
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
Vijay Chopra of enochventures.com is of the view that one may buy Mawana Sugars with a target of Rs 125.
In an interview to CNBC-TV18, Dipan Mehta, Member BSE & NSE, spoke about his reading of the market and his outlook on a few stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Biocon and ONGC.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold LIC Housing Finance.
Axis Capital believes that the company can deliver 18 percent return on equity over FY19 and has maintained a buy on the stock with a target price of Rs 790.
Sudarshan Sukhani of s2analytics.com recommends buying Apollo Tyres, BEML and LIC Housing Finance.
Sanjiv Bhasin of IIFL has an overwweight stance on HDFC and LIC Housing Finance and likes Gruh Finance.
Chandan Taparia of Motilal Oswal Securities recommends buying Yes Bank and LIC Housing Finance while one can buy 330 Put Options in Canara Bank.
Aditya Birla Money feels the Nifty trading range for first few days of September series would be 9,650-10,050.
Analysts feel, historically, September has been a trending month for the market that is closer to its record high; hence, it will be an interesting month to watch for. They don't rule out new highs in the current month.
Despite Thursday’s recovery, a decisive move above multiple supply points between 9930-9950 is required to gain upside momentum and breakout from the ongoing triangle congestion pattern.
Chandan Taparia of Motilal Oswal Securities suggests buying Arvind and LIC Housing Finance.
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 recommends buying Bombay Burmah, GSFC and LIC Housing Finance.
Ashwani Gujral of ashwanigujral.com suggests buying LIC Housing Finance, Maruti Suzuki and Escorts.