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
Bulls should get cautious if Nifty falls below 10,450 followed by 10,380 levels, writes Shabbir Kayyumi of Narnolia Financial Advisors
Ashwani Gujral of ashwanigujral.com suggests buying DCB Bank with a target of Rs 174.
Sudarshan Sukhani of s2analytics.com advises buying Reliance Industries with a target of Rs 1132.
We recommend buying the stock at CMP with a target of Rs 104 and keeping a stop loss at Rs 84 on a closing basis, says Vinay Rajani of HDFC Securities.
Markets seem to have bottomed out for the short term. The upside targets for the Nifty are seen at 10,380 and 10,600
Mitessh Thakkar of mitesshthakkar.com suggests buying Ajanta Pharma with a stop loss of Rs 999 and target of Rs 1050 and Coal India with a stop loss of Rs 282 and target of Rs 296.
Sudarshan Sukhani of s2analytics.com suggests buying Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135, Glenmark Pharma with stop loss at Rs 606 and target of Rs 636 and Havells India with stop loss at Rs 585 and target of Rs 630.
This week, the Nifty has strong support at 10,200-10,140 levels and resistance at 10,445-10,525 levels
Despite the current correction, the Nifty50 is still up 8.6 percent and the Sensex 11.3 percent year-to-date, which indicated that the market has been managing to climb all wall of worries very easily, experts said.
Sudarshan Sukhani of s2analytics.com suggests buying Reliance Industries with stop loss at Rs 1240 and target of Rs 1275, KPIT Tech with stop loss at Rs 306 and target of Rs 315 and Tata Consultancy Services with stop loss at Rs 2060 and target of Rs 2130.
Shabbir Kayyumi of Narnolia Financial Advisors said majority of oscillators are in the overbought zone and the possibility of profit-booking at higher levels cannot be ruled out
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
Most economists expect the MPC to keep policy rates unchanged but its commentary would be a key thing to watch out for
Rajesh Agarwal of AUM Capital is of the view that one may buy Hindalco Industries with a target Rs 216.
SEBI's reclassification rule and additional surveillance measure where stocks are put under the scanner for suspected manipulation also weighed on sentiment
"The market will take cues from June automobile sales numbers, minutes of FOMC meeting and updates on the monsoon's progress," says Sumit Bilgaiyan of Equity99
Rajesh Agarwal of AUM Capital recommends buying Reliance Infrastructure with stop loss at Rs 432 and target of Rs 453, Power Finance Corporation with stop loss at Rs 79 and target of Rs 86 and NIIT Technologies with stop loss at Rs 1117 and target of Rs 1153.
Given that large part of stress pertains to state utilities, where recovery is just a matter of time we believe stock is available at a throw away price. It is trading at below band of it’s historic P/B value band. We are recommending a buy.
Higher crude oil prices will definitely dampen the fiscal deficit and inflation will rise. But despite all this hiccups we strongly believe Indian rural economy is a growth drive in this case
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy KPIT Technologies with a stop loss of Rs 260 and target of Rs 290 and Power Finance Corporation with a stop loss of Rs 74 and target of Rs 79 while one may sell RBL Bank with a stop loss of Rs 505 and target of Rs 477.
Overall, next week's trend will be decided on the basis of quarterly earnings, trend in global markets and exit polls of Karnataka elections.
"Given that large part of stress pertains to state utilities, where recovery is just a matter of time we believe stock is available at throw away price. We are recommending a buy with target price of Rs 102 in the near term," says Sumit Bilgaiyan, Founder of Equity99.
Dish TV, M&M and Tata Motors, among others, are being tracked by analysts on Friday.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Power Grid.