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
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
Mitessh Thakkar of mitesshthakkar.com recommends buying Axis Bank with a stop loss of Rs 568 and target of Rs 588, Balkrishna Industries with a stop loss of Rs 1240 and target of Rs 1305 and Cummins India with a stop loss of Rs 680 and target of Rs 750.
The key thing to watch out in the current rally is Nifty midcap and small-cap rallies are getting elongated along with contracting declines (as the current rally is bigger than early July pullback) underpinned by improved market breadth and volumes, says Dharmesh Shah of ICICI Direct.com Research.
Rajiv Trust (promoter) bought 25,639 shares of Bajaj Holdings & Investment through market purchase on July 30, 2018 while Rajpal Singh Kochhar (promoter) bought 1,200 shares of Jagsonpal Pharmaceuticals through market purchase on July 30, 2018.
As long as the Nifty holds above 11,260 levels, Ashish Chaturmohta of Sanctum Wealth Management expects the index to head towards 11,470 levels
Bajaj Auto stock was bought by Kevin Dsa (officer & relatives) to the tune of 500 shares through market purchase on July 25 and Shishir Jaipuria bought 61,933 shares of Ginni Filaments through market purchase from July 20 to July 25, 2018.
In the Friday's trading session Nifty hit a record high of 11,283.40 and Sensex touched a record high at 37,368.62.
Akash Jain of Ajcon Global advises investors to remain stock specific and consider companies with earnings visibility
Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank with a stop loss of Rs 387, target of Rs 405, Indraprastha Gas with a stop loss of Rs 268, target of Rs 284 and Reliance Industries with a stop loss of Rs 1090, target of Rs 1140.
Centrum Wealth Research said if Indian corporate earnings can experience long term mean-reversion to those levels at 5.30 percent, robust earnings uptick can be expected.
On the upside, 10,820–10,840 are the levels to watch out for. On the flipside, 10,725 followed by 10,677 are likely to act as important support levels.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Asian Paints with a stop loss of Rs 1273 and target of Rs 1330, Wipro with a stop loss of Rs 255 and target of Rs 270 and sell Grasim Industries with a stop loss of Rs 1001.50 and target of Rs 960.
We recommend selling L&T Finance for the target of Rs 145, and keep a stop loss above Rs 166, says Nandish Shah of HDFC Securities.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy ACC with a stop loss of Rs 1299 and target of Rs 1345 and sell Escorts below Rs 873 with stop loss of Rs 900 and target of Rs 830 and also sell Bank of India with a stop loss of Rs 94.2 and target of Rs 88.
Rajesh Agarwal of AUM Capital
Prakash Gaba of prakashgaba.com advised selling Bajaj Auto with a target price of Rs 2,790 and stoploss at Rs 2,855.
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
Long position can be initiated here for the target of Rs 184-188 with a stop loss of Rs 159.
Rajesh Agarwal of AUM Capital recommends buying Cipla with stop loss at Rs 530 and target at Rs 556, Bharat Petroleum Corporation with stop loss at Rs 395 and target at Rs 418 and a buy also in Tata Global Beverage with stop loss at Rs 255 and target of Rs 275.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Bajaj Auto with a target of Rs 2980.
Rajesh Agarwal of AUM Capital recommends buying Reliance Industries with target at Rs 1039 and stop loss at Rs 960 and L&T Finance Holdings with target at Rs 178 and stop loss at Rs 163.
"We expect the range for Nifty to be between 10,600 to 10,400 levels, but we may consolidate here for a while before going higher. For Bank Nifty, this range is seen at 25,000 - 25,400," says Mustafa Nadeem, CEO at Epic Research.
The Nifty is likely to remain in a narrow range for the next few trading sessions with immediate support seen around 10,000-10,100 levels whereas 10,400-10,500 will act as a major hurdle.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell BPCL and L&T Finance.
Nifty is maintaining the bearish pattern of lower tops on the daily charts, and now the recent top of 10,479 would act as a strong resistance for the medium term.