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
Traders can accumulate the stock in the range of Rs 208-211 for the target of Rs 240 and a stop loss below Rs 197.
A decisive fall below 10,550 may induce a correction towards 10,330 levels. On the other hand, a short term pullback may be seen in the market if the Nifty moves decisively above 10,620 levels.
Going ahead into a week with decent earnings data so far coupled with a state election, the index is expected to continue with the upward momentum," says Dinesh Rohira, Founder & CEO at 5nance.com.
“The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495,” said Sameet Chavan of Angel Broking.
“If the monsoon predictions are accurate, the agricultural sector is set for a boost. Rain vs Food inflations although are not so directly related deficient rainfall should theoretically result in lower crop output and drive up prices due to a demand-supply mismatch,” Ritesh Ashar – Chief Strategy Officer (CSO), KIFS Tarde Capital told Moneycontrol.
Brokerages expect a positive FY19 for agrochemical sector on the back of government's intent to double farm incomes and a normal monsoon
"Rallis India is trading above crucial level, the scrip is now facing a resistance at Rs 264 levels and support level at Rs 217 and recommending a buy on the stock with target at Rs 256," says Dinesh Rohira, Founder & CEO at 5nance.com.
We maintain a range bound trade at 10350 levels on upside and 9990 levels on the downside and advise to follow stock specific opportunities.
Traders need to keep a close eye how the market behaves during the first half of the forthcoming week. Ideally, at present, traders need to be prepared for both possibilities; a small relief rally or a continuation of the ongoing down move.
Prabhudas Lilladher expects the Nifty to trade in a range of 9,640-10,500 in the near term.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Motherson Sumi with a target of Rs 343.80.
Sameet Chavan of Angel Broking advises buying Rallis India with a target of Rs 304.
Prakash Gaba of prakashgaba.com is of the view that one may hold Jayshree Tea & Industries.
We expect stock specific action to continue going forward as we have entered into the quarterly earning seasons.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
The immediate support base for the index is placed at 9,350 region as it is the confluence of lower band of rising channel and higher bottom formed in last week trade.
According to Prakash Gaba of prakashgaba.com, Cipla may test Rs 576 while Rallis India may hit Rs 260.
Sudip Bandopadhyay, Market Expert recommends buying Rallis India.
Dilip Bhat of Prabhudas Lilladher is of the view that one may look at RPP Infra Projects, VRL Logistics, Rallis India and Capital First.
Sameet Chavan of Angel Broking suggests buying buying Larsen and Toubro (L&T) with a target of Rs 1645.
Mitessh Thakkar of miteshthacker.com advises buying PTC India, Rallis India and Indiabulls Real Estate.
In an interview to CNBC-TV18's Reema Tendulkar and Sumaira Abidi, Dilip Bhat, Joint MD at Prabhudas Lilladher shared his readings and outlook on market and specific stocks.
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.
Dipan Mehta, Member, BSE & NSE said that he is bearish on IT stocks. He says costs are increasing because of Visa overheads for IT companies. Margins are under pressure, he added. Even midcaps, barring the likes of Persistent Systems, aren‘t exciting, he says.
Krish Subramanyam of Altamount Capital is of the view that one may buy Karnataka Bank with a target of Rs 161.