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 is of the view that one can sell Godfrey Phillips with a stop loss of Rs 990 for target of Rs 930 and buy Godrej Consumer with a stop loss of Rs 980 for target of Rs 1050.
Hemant Thukral of Aditya Birla Money is of the view that one can buy Ashok Leyland and sell Petronet LNG.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy United Breweries, RBL Bank, Petronet LNG and M&M and can sell Bharti Infratel.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Industries, Equitas Holding, GMR Infrastructure and PC Jeweller and can sell Interglobe Aviation.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDFC Bank, Hexaware Technologies, Britannia Industries and Balkrishna Industries and can sell Cummins India.
Sumeet Jain of Destimoney Securities is of the view that one may buy Idea Cellular with a target of Rs 109.
This rating upgrade is critical because, at Baa3, India’s rating was just above speculative grade and was not reflecting the true picture of the reforms initiated by the Modi government in the past three years.
Mitessh Thakkar of miteshthacker.com recommends selling HDFC Bank below Rs 1790 with stop loss of Rs 1806 for target of Rs 1755 and a sell on Marico with a stop loss of Rs 305 for target of Rs 285. He has a buy on V-Guard Industries with a stop loss of Rs 220 for target of Rs 250.
According to Technical Analyst Prakash Gaba of prakashgaba.com, if the index drifts down then it can slide to its next logical target of 10089 and 9994. The crucial support for the Nifty is at 10184-10089-9994 and the resistance is at 10270.
Prakash Gaba of prakashgaba.com is of the view that Century Textiles is likely to slide to Rs 1260 while Petronet LNG looks weak for target of Rs 250.
Apollo Hospitals has declined nearly 4 percent and shares of Britannia Industries, Petronet LNG and Vakrangee gained 1-7 percent intraday Tuesday.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Mahindra & Mahindra Financial Services and buy Sun Pharmaceutical Industries, Tata Steel, Voltas and Page Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Petronet LNG and India Cements while one can hold Sun Pharma while Reliance Industries is likely to test Rs 1,500.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports and Special Economic Zone, Hindustan Zinc and India Cements and can sell LIC Housing Finance and Godrej Consumer Products.
Ashwani Gujral of ashwanigujral.com recommends buying Hitachi Home, Motilal Oswal, NBCC, Tata Chemicals and Petronet LNG.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Petronet LNG and Adani Transmission.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Jindal Steel & Power, Sundram Fasteners, Hindalco Industries and Havells India.
The market will give ample opportunities to retail investors to buy on dips as current valuations are unlikely to sustain without the support of bounce back in earnings growth.
According to Gaurang Shah of Geojit Financial Services, one may stay invested in Petronet LNG.
Jay Thakkar of Anand Rathi Securities is of the view that one may sell RBL Bank Future with a target of Rs 506.
The index is likely to continue to head higher and it may scale up towards 10070-10140 in the coming week, says Rajesh Palviya, Head – Technical & Derivatives Analyst, Axis Securities.
We believe that 2HFY18 will see markets trading in a range with high volatility, says Hemang Jani, Head - Advisory, Sharekhan.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC, Bata India, Hindustan Unilever and Petronet LNG and can sell Wockhardt.
Moneycontrol attempts to identify stocks that wise investors should use to duck and weave through this particular storm.