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
Ashwani Gujral of ashwanigujral.com recommends buying UltraTech Cement with a stop loss Rs 3700, target of Rs 3765, Infosys with a stop loss of Rs 748, target of Rs 770 and Maruti Suzuki with a stop loss of Rs 6800, target of Rs 7200.
The domestic brokerage firm expects the Nifty EPS to grow 9 percent in FY19 and 27 percent in FY20.
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Foodworks with a stop loss of Rs 1300, target of Rs 1345, SRF with a stop loss of Rs 2230, target of Rs 2300 and Sun TV with a stop loss of Rs 570, target of Rs 595.
However, this period could also offer opportunities to cherry pick some quality equity investment.
Any decisive move above the stiff resistance 10,985 will push Nifty higher towards previous swing high (11,111)
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.
Mitessh Thakkar of mitesshthakkar.com recommends buying CESC with a stop loss of Rs 716 and target of Rs 755, Cipla with a stop loss of Rs 527 and target of Rs 548 and Hindalco Industries with a stop loss of Rs 207 and target of Rs 219.
The S&P BSE Largecap was up 0.95 percent, while S&P BSE Midcap index and Smallcap Index were down 0.28 percent and 0.36 percent, respectively.
The S&P BSE Smallcap Index plunged 3.48 percent, while S&P BSE Largecap and Midcap index fell 1.26 percent and 2.27 percent, respectively.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Biocon with a stop loss of Rs 629 and target of Rs 670 and sell IndusInd Bank around Rs 1525 with stop loss of Rs 1550 and target of Rs 1480.
For next week, Nifty has strong support at 10,730-10,650 levels and resistance at 10,870-10,940 levels
We expect the Nifty earnings to grow at a CAGR of ~20 percent between FY19-21 and the economic fundamental is likely to improve further, says Sundar Muthukrishnan of Elara Capital
The company continued to disappoint the Street with its monthly sales numbers which declined 1.3 percent year-on-year on lower exports.
Sudarshan Sukhani of s2analytics.com advises buying ICICI Bank with a stoploss of Rs 355 and target of Rs 368.
According to the brokerage, medium & heavy commercial vehicle segment sales are expected to fall by 19-21 percent YoY.
Brent crude futures, the international benchmark for oil prices, have slipped around 30 percent since early October to trade around $60 a barrel from around $86 a barrel
Mitessh Thakkar of mitesshthakkar.com suggests buying Bata India with a stop loss of Rs 1028 and target of Rs 1060 and Colgate Palmolive with a stop loss of Rs 1079 and target of Rs 1222.
Rajesh Agarwal of AUM Capital recommends buying PVR with stop loss at Rs 1482 and target of Rs 1560, Jubilant Foodworks with stop loss at Rs 1298 and target of Rs 1365 and Godrej Properties with stop loss at Rs 680 and target of Rs 723.
Sudarshan Sukhani of s2analytics.com suggests buying Maruti Suzuki with stop loss at Rs 7570 and target of Rs 7800, Century Textiles with stop loss at Rs 905 and target of Rs 965 and Cadila Healthcare with stop loss at Rs 354 and target of Rs 382.
Mitessh Thakkar of mitesshthakkar.com suggests buying Apollo Hospitals with a stop loss below Rs 1229 and target of Rs 1295 and advises selling Arvind with a stop loss of Rs 314 and target of Rs 296 and CESC with a stop loss of Rs 687 and target of Rs 651.
MOSL’s FY19/20 Nifty EPS estimates have been cut by 4.4/2.9% to Rs 515/655 v/s Rs 539/674 earlier
Sudarshan Sukhani of s2analytics.com suggests buying Britannia Industries with stop loss at Rs 5700 and target of Rs 6300, Bank of Baroda with stop loss at Rs 110 and target of Rs 125 and Eicher Motors with stop loss at Rs 24000 and target of Rs 27500.
Mitessh Thakkar of mitesshthakkar.com suggests buying Axis Bank with a stop loss of Rs 617 and target of Rs 645, Colagate Palmolive with a stop loss of Rs 1114 and target of Rs 1160 and IRB Infra above Rs 145 with stop loss of Rs 141.5 and target of Rs 154.
has surpassed important resistance of 25,900 levels and closed above the same which is a positive development, says Hadrien Mendonca of IIFL.
Rajesh Agarwal of AUM Capital recommends buying Hero MotoCorp with stop loss at Rs 2890 and target of Rs 2960, Just Dial with stop loss at Rs 497 and target of Rs 528 and Siemens with stop loss at Rs 904 and target of Rs 975.