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
"The stock can be bought at current level and on dips up to Rs 790 with a stop loss below Rs 760 and a target of Rs 910 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
“Nifty’s previous support of 10,600 will act as immediate resistance. Any bounceback is likely to be capped at 10,670-10,700 levels,” says Ashish Chaturmohta of Sanctum Wealth Management.
"Persistent Systems touched a high of Rs 878 in February and then declined to hit a low of Rs 657 levels. The rally in the last couple of weeks was backed by good volumes which indicates buying participation," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
"The immediate resistance is seen at 10,850 levels. On the downside, the immediate support for the index is seen at 10,690 levels. Breaking below this level, the index may test 10,614 levels," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
Mid-tier companies are expected to report 2-3% constant currency revenue growth sequentially despite seasonal weakness
Persistent Systems and ICICI Lombard, among others, are on investors’ radar on Wednesday.
The consolidation is likely to continue for next 3-4 months. In fact, the entire calendar year is expected to be tough.
The Nifty50 is expected to open with a gap on the lower side on Friday tracking heavy sell-off in other Asian markets
The latest analysis and commentary by stock market guru SP Tulsian of sptulsian.com on what is moving the markets today. Check out his top stock recommendations.
Ruchit Jain of Angel Broking is of the view that one may buy Glenmark Pharma with a target of Rs 585.
The index has some stiff resistance at 10615, where 20 and 50-days moving averages are seen. Thus, the index may see some profit booking above 10600, after a bounce back.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy NIIT Technologies with a target of Rs 862.
Ashwani Gujral of ashwanigujral.com suggests buying Persistent Systems, Sun Pharma, Adani Ports, Bajaj Finance, JSPL and NIIT Technologies.
Vishal Malkan of malkansview.com is of the view that one may buy Bata India with a target of Rs 745.
Sameet Chavan of Angel Broking is of the view that one may sell OBC with a target of Rs 110.
South Indian Bank, Eveready, ITC and Bharti Airtel, among others, are being tracked by investors on Thursday.
Shahina Mukadam, Independent Market Expert is of the view that one may stay invested in Persistent Systems.
Rakesh Bansal of RK Global advises buying Compuage Infocom with a target of Rs 75.
DHFL, Reliance and ITC, among others are on the radar of analysts on Monday.
Persistent Systems, Bajaj Finance, NMDC and Titan, among others are on the radar of investors on Wednesday.
Sharmila Joshi of sharmilajoshi.com is of the view that one may stay invested in Persistent Systems.
Mitessh Thakkar of mitsshthakkar.com advises selling Sell Bajaj Auto and Andhra Bank.
Kunal Saraogi of Equityrush is of the view that one may buy Motherson Sumi Systems with a target of Rs 490.
Sudip Bandopadhyay, Market Expert suggests buying Persistent Systems and Mindtree from the IT space and Lupin from the pharma space.
Avinash Gorakshakar, Market Expert is of the view that one may prefer Persistent Systems.