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
Broader market resumed up move in the last six sessions after forming a higher base at the support area. The Nifty Midcap and Smallcap has recorded faster retracement, signifying inherent strength.
Prakash Gaba of prakashgaba.com recommends buying Eicher Motors with target at Rs 21,500 and stop loss at Rs 20,000, United Spirits with target at Rs 555 and stop loss at Rs 532 and UltraTech Cement with target at Rs 4,200 and stop loss at Rs 4,050.
We believe ongoing consolidation would help it to cool off the overbought situation of the weekly stochastic oscillator (at 90), in turn, making the market healthier.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Indiabulls Housing with a target of Rs 765.
Sudarshan Sukhani of s2analytics.com recommends buying Tata Chemicals with stop loss at Rs 581 and target of Rs 610, Godrej Consumer Products with stop loss at Rs 709 and target of Rs 725 and Interglobe Aviation with stop loss at Rs 1305 and target of Rs 1342.
The Nifty midcap, smallcap indices continued to outperform. The last four weeks' up move helped Nifty smallcap index to completely retrace its preceding nine weeks' decline.
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Infratel with a stop loss of Rs 293, target of Rs 307, NIIT Tech with a stop loss of Rs 1295, target of Rs 1340 and Mindtree with a stop loss of Rs 897, target of Rs 920.
Ashwani Gujral of ashwanigujral.com recommends buying V Guard Industries with a stop loss of Rs 230, target of Rs 242, Bata India with a stop loss of Rs 1120, target of Rs 1155 and PVR with a stop loss of Rs 1570, target of Rs 1610.
Analysts believe that the move by the government gives cinema owners the flexibility of pricing mechanism, which is a positive.
On the option front, 10,000 put option strike price is still holding a highest cumulative open interest followed by 10,500 strike price which is suggesting any fall is likely to be bought into
We advocate traders to buy this stock above Rs 1531 with a price target of Rs 1700 and a stop loss placed below Rs 1428, says Aditya Agarwal of Way2Wealth Brokers.
VIX continues to consolidate at elevated levels which is a cause of concern. VIX needs to move below 17 for market to see sustainable up move, says Ashish Chaturmohta of Sanctum Wealth Management
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.
Traders can accumulate the stock in a range of Rs 1430-1445 for the upside target of Rs 1550 levels and a stop loss below Rs 1350, says Shitij Gandhi of SMC Global Securities.
Rajesh Agarwal of AUM Capital recommends buying Aptech with stop loss at Rs 165 and target of Rs 183, VIP Industries with stop loss at Rs 508 and target of Rs 550 and Zydus Wellness with stop loss at Rs 1198 and target of Rs 1249.
The stock can be bought at current levels and on dips towards Rs 1415 with a stop loss below Rs 1380 and a target of Rs 1600 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
We recommend buying PVR for the target of Rs 1530, and a stop loss placed below Rs 1375, says Nandish Shah of HDFC Securities.
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.
Sudarshan Sukhani of s2analytics.com suggests buying Adani Ports with stop loss at Rs 321 and target of Rs 372, Ajanta Pharma with stop loss at Rs 1050 and target of Rs 1180 and MRF with stop loss at Rs 65200 and target of Rs 68500.
The stock can be bought at current levels and on dips towards Rs 1,400 with a stop loss below Rs 1350 and a target of Rs 1,630 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Nifty needs to cross and sustain above 10,600 for the bounce back to continue towards 10,750-10,850, says Ashish Chaturmohta of Sanctum Wealth Management.
If the index manages to sustain above 10,490 this week and the next, the uptrend should continue which could take the index towards levels of 10,700-10,780.
Hindalco, Maruti Suzuki and ICICI Bank are among the big Nifty names that Motilal Oswal is placing its bet on, this Diwali.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy M&M with a stoploss of Rs 766 and target of Rs 799.
For market to show strength sequence of lower highs and lower lows needs to be broken. Hence, 11,523 needs to be taken out first for market to see level of 11,600, says Ashish Chaturmohta of Sanctum Wealth Management