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
Any move below strong support zone of 11,300-11,350 will trigger a move towards 11,100 where 200 DMA and line of parity is placed
As long as Nifty is trading above 11,600, we maintain buy on dip strategy, said Shabbir Kayyumi of Narnolia
Nifty could remain in 10,830-11,119 range for a few days and then gradually move forward to scale new highs. In such a case, we could see a pre-election rally towards 11,380 and 11,500.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV with a stop loss of Rs 525, target of Rs 540, Petronet LNG with a stop loss of Rs 220, target of Rs 236 and Bata India with a stop loss of Rs 1145, target of Rs 1180.
IT, Consumer and Capital Goods are likely to report solid earnings growth while automobiles, pharmaceuticals, and cement will continue to witness margin pressures leading to subdued earnings
Bulls should only be able to regain control if the index reclaims 11,170 levels comfortably, else we may consolidate around current levels.
One can take long position around Rs 162-160 with stop loss of Rs 149 for the target of Rs 186 levels, says Shabbir Kayyumi of Narnolia Financial Advisors.
Citigroup highlights top 10 stock ideas which could give decent risk-to-reward to investors
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy HCL Tech with a stop loss of Rs 1008 and target of Rs 1060 and can sell Indian Bank with a stop loss of Rs 339.5 and target of Rs 322 and Repco Home with a stop loss of Rs 593 and target of Rs 560.
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6900, target of Rs 7150, ACC with a stop loss of Rs 1500, target of Rs 1585 and Radico Khaitan with a stop loss of Rs 430, target of Rs 456.
Rajesh Agarwal of AUM Capital recommends buying Tech Mahindra with stop loss at Rs 649 and target of Rs 667, NTPC with stop loss at Rs 152 and target of Rs 161 and Yes Bank with stop loss at Rs 373 and target of Rs 387.
Motilal Oswal believes merchant capacities with low variable cost will either be able to seek power purchase agreements (PPAs) or realise better margins in merchant sales.
Deutsche Bank has a buy call on the stock but has cut target to Rs 212 from Rs 214 per share and believes that RoE should rise to 13 percent YoY in FY20 and has cut FY19/20 EPS estimate by 3 percent and 1 percent.
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“The initial rollover data towards April series indicates long rollover in stocks. However, on any bounce in the prices, the Nifty index will face strong resistance at 10,250-10,300 levels. On the downside, the next support is placed around 10,100-10,050 levels,” Shitij Gandhi, SMC Global Securities Ltd told Moneycontrol.
Mitessh Thakkar of miteshthacker.com recommends buying NTPC and Raymond.
The latest analysis and commentary by stock market guru Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakka, Rajat Bose, Prakash Diwan and Chandan Taparia on what is moving the markets today. Check out their top stock recommendations.
Mitessh Thakkar of miteshthacker.com advises selling Arvind with a target of Rs 372.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Godrej Industries and can buy Larsen & Toubro, Infosys and NTPC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India, HCL Tech, NTPC and Lupin and can hold Yes Bank while one may avoid Tata Motors.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Yes Bank and Rural Electrification Corporation and can buy Sonata Software.
Aegis Logistics, Tata Motors and metals, among others, are being tracked by analysts on Thursday.
We expect any bounce back to be mild and short-lived since any retracement will be utilized by lead players who will further jump and cap upside.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SBI, DLF and Axis Bank and can buy NTPC and Power Grid.