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
Given the improved sentiment after the counter-attack by bulls, the benchmark indices are expected to extend their upward rally amid possible consolidation. Below are some trading ideas for the near term.
A close above 24,500 could drive the Nifty 50 towards the 24,700-24,800 zone, but if it stays below this level, consolidation and range-bound trading may continue with 24,200 as support. Here are some trading ideas for the near term.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Infra, OBC and Reliance Capital.
Vijay Chopra of enochventures.com advises selling Orchid Pharma.
According to Prakash Gaba of prakashgaba.com, one may exit Orchid Pharma.
Avinash Gorakshakar, Market Expert advises exiting Orchid Pharma and one can prefer Lupin and Sun Pharmaceutical Industries.
According to Prakash Gaba of prakashgaba.com, one may exit Orchid Pharma closer to Rs 36.
According to Prakash Gaba of prakashgaba.com, one may sell Orchid Pharma.
Manish Sharma of derivativetradingresearch is of the view that one may buy Voltas with a target of Rs 310.
Ashwani Gujral, fund manager at ashwanigujral.com is of the view that one can buy Reliance Capital, Whirlpool and Wockhardt and advises selling United Breweries.
Krish Subramanyam of Altamount Capital advises buying Alembic with a target of Rs 50.50.
Jay Thakkar of Sharekhan suggests buying Indraprastha Gas with a target of Rs 484.
Krish Subramanyam of Altamount Capital advises buying Orchid Chemicals with a target of Rs 67.
Krish Subramanyam of Altamount Capital recommends buying Orchid Chemicals for a target of Rs 65 and Aarti Industries.
Avinnash Gorakssakar of Precision Investment Services suggests buying Dish TV with a target of Rs 112.
Here are top 10 stocks to focus on December 23 - HDFC, SBI, Bank Nifty, Ipca Labs, HCL Tech, Intellect Design Arena, Max India, Rel Cap, NTPC and Gujarat Pipavav.
Pritesh Mehta of IIFL is of the view that Orchid Chemicals and Pharmaceuticals may head above Rs 80 and even test Rs 90-95.
Krish Subramanyam of Asit C Mehta Investment Intermediates recommends selling Bank of India for a target price of Rs 276 and Housing Development and Infrastructure for a target price of Rs 91.
Dharmesh Kant, IndiaNivesh Securities Private Limited advises buying Tamil Nadu Newsprint and Papers for a target price of Rs 172 and Pratibha Industries for a target price of Rs 73.
According to Mayuresh Joshi, VP- Institution at Angel Broking, one may exit Orchid Chemicals and Pharmaceuticals on rallies.
Kunal Saraogi, CEO at Equityrush is of the view that one may exit Orchid Chemicals and Pharmaceuticals on rallies.
Watch the interview of Mayuresh Joshi, VP- Institution at Angel Broking Ltd and Kunal Saraogi, CEO of Equityrush with Sumaira Abidi & Latha Venkatesh on CNBC-TV18, in which they both shared their reading and outlook on market and specific stocks.
Top 10 stocks that CNBC-TV18‘s research team says should be watched today are HCL Tech, Bharti Airtel, Tata Steel, Zee Ent, Nestle, Onmobile, JK Tyre, Orchid Chemicals, Mangalore Chemicals, and Kalindee Rail.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Aurobindo Pharma and Orchid Chemicals on dips.
Shardul Kulkarni of Angel Broking is of the view that one may book profits in Orchid Chemicals and Pharmaceuticals at around Rs 62-63.