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
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 426 and target of Rs 436 and HCL Tech with stop loss at Rs 960 and target of Rs 990.
Friday’s profit-taking should be interpreted as a good buying opportunity for the target of Rs 934 in the coming days. The stop loss can be placed at Rs 828, says Sameet Chavan of Angel Broking.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 920, target of Rs 945, Ajanta Pharma with a stop loss of Rs 1130, target of Rs 1165 and Bajaj Finance with a stop loss of Rs 2400, target of Rs 2520.
Indicators are showing strong momentum on the upside. We can expect it to touch its 200-DMA which is at Rs 88, says Arpan Shah of Monarch Networth Capital.
Traders can accumulate the stock in a range of Rs 780-790 for the upside target of Rs 860 with a stop loss below Rs 730, says Shitij Gandhi of SMC Global Securities.
In coming days, Nifty may find some supply pressure once we reach 10,880-10,900 zone as it has formed multiple bottoms at this level in the past and now this level may act as resistance, Arpan Shah of Monarch Networth Capital said
Nifty is likely to trade in the range of 10,480-10,800 in the coming week with a positive bias and dips should be used for buying until 10,480 holds, says Manali Bhatia of Rudra Shares & Stock Brokers
The equity market is expected to witness positive momentum for a couple of sessions ahead of festive season, experts said.
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.
Going ahead, expect the index to undergo some time-correction for a while, but the range would be slightly wider. It's advisable to keep booking existing shorts and ideally adopt a stock-centric approach.
We recommend buying for a positional target of Rs 750 in coming weeks. The stop loss can be placed at Rs 612.
Manali Bhatia of Rudra Shares and Stock Brokers said the upcoming forex reserve data & performance of Brent crude in next week may provide clarity on whether rupee to stabilise or not.
Experts expect the rally to continue going forward, but volatility may increase as we are moving closer to state and general elections
Global clues will continue to dominate market sentiments in the absence of any major domestic events. The rupee will be in focus as it closed above the Rs 70/$ for the first time
Further consolidation cannot be ruled out till the index trades below the level of 11,495. Once that get taken out, the index can head towards 11,640 in the short term. On the other hand, 11,366 – 11,340 shall act as a key support zone for the index, says Gaurav Ratnaparkhi of Sharekhan by BNP Paribas
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance above Rs 2765 with stop loss of Rs 2744 and target of Rs 2840, Cummins India with a stop loss of Rs 674 and target of Rs 705 and India Cements with a stop loss of Rs 118.8 and target of Rs 129.
Ashwani Gujral of ashwanigujral.com advises buying Raymond with a target Rs 780.
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.
We recommend selling Raymond for the downside target of Rs 760, keeping stop loss at Rs 875, says Vinay Rajani of HDFC Securities.
“The Nifty has to sustain above 11,020 levels, to extend the rally towards 11,395. A breach of 10,900 on a closing basis would be sign of a bearish trend reversal,” says Vinay Rajani of HDFC Securities
The relative strength index (RSI) is trading near 66 levels, which indicates positive momentum and support for the bullish rally
Mitessh Thakkar of mitesshthakkar.com suggests buying Aurobindo Pharma with a stop loss of Rs 615 and target of Rs 646, KPIT Tech with a stop loss of Rs 274 and target of Rs 292 and RBL Bank with a stop loss of Rs 558 and target of Rs 585.
Nifty is likely to remain volatile ahead of expiry due on Thursday. Experts say investors should look for stock-specific opportunities to take advantage of the upside momentum.