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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
Ruchit Jain of Angel Broking is of the view that one may buy Glenmark Pharma with a target of Rs 585.
Yogesh Mehta, VP-Equity Advisory at Motilal Oswal recommends buying Pidilite Industries, Sun TV Network and Havells India.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bajaj Auto and Tata Power and can buy Pidilite Industries.
After a sharp correction seen throughout in the month of March, analysts feel that the Nifty could see a bounce back which could take the Nifty towards 10300-10400 levels. But, that would just be a ‘Dead Cat Bounce’ as the pain is not yet over.
Mitessh Thakkar of miteshthacker.com recommends buying Dabur India with a stop loss of Rs 319.90 and target of Rs 332, a buy on Motherson Sumi Systems with a stop loss of Rs 302 and target of Rs 324 and a sell on Pidilite Industries with a stop loss of Rs 886 and target of Rs 844.
Mitessh Thakkar of miteshthacker.com suggests selling Adani Ports, Pidilite Industries, Bajaj Finance and CESC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Mindtree and Pidilite Industries and can sell UPL, Tata Steel and Tata Motors.
Kunal Saraogi of Equityrush advises selling Pidilite Industries with a target of Rs 845.
Mitessh Thakkar of miteshthacker.com suggests selling Tata Chemicals and Pidilite Industries.
Vishal Malkan of malkansview.com is of the view that one may buy Bata India with a target of Rs 745.
Prakash Gaba of prakashgaba.com is of the view that Infibeam can climb to Rs 165 while PC Jeweller may slide to Rs 520.
Prakash Gaba of prakashgaba.com suggests buying Pidilite Industries and Zensar Technologies.
Ashwani Gujral of ashwanigujral.com advises buying Pidilite Industries, IGL and Tata Global Beverage.
The firm also highlighted that competition is seen rising in its core category of adhesives, which constituted 55 percent of its FY17 revenue.
South Indian Bank, Eveready, ITC and Bharti Airtel, among others, are being tracked by investors on Thursday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Torrent Power and Strides Shasun and can sell Union Bank of India.
Rakesh Bansal of RK Global is of the view that one may buy Burnpur Cement with a target of Rs 20.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal & Latha Venkatesh on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Asian Paints, Colgate and Interglobe Aviation and can sell Union Bank of India and SREI Infrastructure.
Sandeep Wagle of powermywealth.com is of the view that one may buy Pidilite Industries and Titan company.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell ICICI Prudential Life and Adani Port.
Mitessh Thakkar of miteshthacker.com advises buyinmg Axis Bank with a target of Rs 555.
Ashwani Gujral of ashwanigujral.com recommends buying Piramal Enterprises, Ajanta Pharma, Pidilite Industries, Sun TV Network, JM Financial and Interglobe Aviation.
Mitessh Thakkar of miteshthacker.com suggests buying Dish TV with a stop loss of Rs 79 for target of Rs 83 and advises buying NBCC with a stop loss of Rs 254.90 for target of Rs 272 while he recommends selling Tata Communications around Rs 684, stop loss of Rs 696 for target of Rs 660.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10300-10260 and the resistance is at 10410-10585. On the other hand, Bank Nifty has support at 25700 and resistance at 26200.
