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
"Above 10,250 levels, the index can rally towards 10,420-10,500 levels where next cluster of resistances are seen. On the downside index has immediate resistance at 10,095 levels, breaking below this next support is at 9,950-9,920 levels," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
Here is a list of top three stocks which could give up to 18% return in the short term.
“The initial rollover data towards April series indicates long rollover in stocks. However, on any bounce in the prices, the Nifty index will face strong resistance at 10,250-10,300 levels. On the downside, the next support is placed around 10,100-10,050 levels,” Shitij Gandhi, SMC Global Securities Ltd told Moneycontrol.
Jay Thakkar of Anand Rathi Securities advises buying Redington with a target of Rs 205.
The Nifty closed at a new all-time high on Friday and seen small consolidation at breakout levels. Crossing and sustaining above 10500 levels on a tradable basis, the index can be expected to rally towards 10700 levels and then 10840 odd levels on the upside.
Ruchit Jain of Angel Broking advises buying Bharat Forge with a target of Rs 750.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Jay Thakkar of Sharekhan is of the view that one may buy Network 18 Media & Investments with a target of Rs 44.
Sharmila Joshi of Fairwealth Securities advises buying Kaveri Seed Company with a target of Rs 444.
Ashwani Gujral of ashwanigujral.com advises buying Network 18 Media.
Rajat Bose of rajatkbose.com feels that Network 18 Media is likely to test Rs 63.35 to about Rs 63.50 initially and thereafter it can even move up to something like Rs 66-67.
Rajat Bose of rajatkbose.com is of the view that Network 18 Media & Investments may test Rs 63-64.
Nooresh Merani of Asian Market Securities suggests buying Network 18 Media and Welspun India.
Deven Choksey of KRChoksey Investment Managers likes Man Industries and feels that one can hold Bajaj Finaserv.
Hemen Kapadia of KRChoksey Securities is of the view that one may sell Jaiprakash Associates and pick TV18 Broadcast.
Manav Chopra of Nirmal Bang recommends buying Network 18 and IDFC.
Vishal B Malkan, malkansview.com advises buying IRB Infrastructure for a target price of Rs 285 and Ranbaxy Labs for a target price of Rs 720.
Shahina Mukadam of Varun Capital recommends buying Tata Global Beverage and Network 18 Media & Investments.
Vishal Malkan of malkansview.com advised going short in Tata Communications September futures with a target price of Rs 157 and Tata Steel September futures with a target price of Rs 262.
In CNBC-TV18's popular show Bull's Eye, Saurabh Mittal of Swadeshi Credits shares trading strategy of the day.
In CNBC-TV18's popular show Bull's Eye Saurabh Mittal, Swadeshi Credits shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
In CNBC-TV18's popular show Bull's Eye, Abhishek Agarwal, Fortune Interfinance shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.