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 miteshthacker.com suggests selling ACC with a stop loss of Rs 1734 for target of Rs 1650 and advises buying Biocon with a stop loss of Rs 412 for target of Rs 445.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Cummins India and buy Power Finance Corporation.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Andhra Sugar with a target of Rs 650.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Elecon Engineering with a target of Rs 94.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bharat Electronics, Grasim Industries and Mangalore Refinery and Petrochemicals and can sell LIC Housing Finance.
Sandeep Wagle of powermywealth.com suggests buying Century Textiles and Industries and Mangalore Refinery and Petrochemicals.
Mitessh Thakkar of mitesshthakkar.com has recommends a buy on Mangalore Refinery and Petrochemicals which has a positive candlestick pattern with a stop loss of Rs 131 for target of Rs 140 while Ashwani Gujral of ashwanigujral.com has a buy on Maruti Suzuki with a stop loss of Rs 8000, target of Rs 8250.
Manoj Murlidharan of Religare Securities recommends buying ITC, Mangalore Refinery and Petrochemicals and Indian Oil Corporation.
Shrikant Chouhan, Senior Vice President of Technical Research at Kotak Securities lists out his top picks.
According to Prakash Gaba of prakashgaba.com, some more sideways movement is expected with volatility while the resistance beyond 9912 would be 9965. The crucial support for the Nifty is at 9780-9740 and the resistance is at 9965. Bank Nifty on the other hand has support at 24250 and resistance at 24511.
Generally August series remains volatile with negative returns if we analyse historical records and the data indicates short buildup by the stronger hand in current series. Going forwards, we advise traders to remain cautious in current series
According to Mitessh Thakkar of mitesshthakkar.com, one can buy BEL, Hexaware Technologies and CONCOR and sell Asian Paints, MRPL and Piramal Enterprises.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Ashwani Gujral of ashwanigujral.com is of the view that Tech Mahindra can move higher while Interglobe Aviation may test Rs 1800.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views about the fundamentals of the market and specific stocks.
Prakash Gaba of prakashgaba.com is of the view that the next logical technical target beyond 9816 is 9916. Crucial support for the Nifty is at 9720 and the resistance is at 9916.
In an interview to CNBC-TV18's Anuj Singhal and Varinder Bansal, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HPCL and Godrej Industries and can short Dish TV.
In at interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on the fundamentals of the market and specific stocks.
CA Rudramurthy BV, Research Head, Vachana Investments is of the view that one can buy MRPL and Apollo Tyres and sell Hindalco Industries.
Sameet Chavan of Angel Broking suggests buying United Spirits with target of Rs 2420 and Balmer Lawrie with a target of Rs 262.
Krish Subramanyam of Altamount Capital is of the view that one can buy Tata Global Beverage 150 Call and feels that ITC may test Rs 320.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Hexaware Technologies and Lupin and sell Voltas.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Cipla and buy Mangalore Refineries & Petrochemicals.
Sandeep Wagle of powermywealth.com suggests buying DLF and MRPL.