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 build a short position in the range of Rs 1,155 to Rs 1,165 with a price target of Rs 1,080. A stop loss should be placed at Rs 1,197, says Aditya Agarwal of Way2Wealth Brokers.
Going forward, Aditya Agarwal expects Nifty to correct towards 10,400 levels, and any decisive closing below the said level will be a bearish indication for the medium term
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla with stop loss at Rs 605 and target of Rs 635, Kotak Mahindra Bank with stop loss at Rs 1300 and target of Rs 1360 and Godrej Consumer Products with stop loss at Rs 1160 and target of Rs 1190.
A rate hike is something which might not be taken in a positive light by most of the sectors
"Indiabulls Housing’s transformation from a diversified lender to a focused mortgage player has yielded returns, with healthy RoE and RoA. The ability to manage spreads will be key to watch out. We have a buy call on Indiabulls Housing Finance," says Sumit Bilgaiyan of Equity99.
On Thursday, we will witness May series expiry while in evening Government of India will declare quarterly GDP numbers. From Friday, Auto companies will start posting their monthly sales numbers.
"The stock can be sold at current level and on the rise up to Rs 1,120 with a stop loss above Rs 1,150 for a target of Rs 1,010 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
“Nifty’s previous support of 10,600 will act as immediate resistance. Any bounceback is likely to be capped at 10,670-10,700 levels,” says Ashish Chaturmohta of Sanctum Wealth Management.
We have collated a list of 12 stock strategies that investors could deploy ahead of the Karnataka election verdict on Tuesday.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy ITC with a stop loss of Rs 283, target of Rs 297, a buy in Pidilite Industries with a stop loss of Rs 1080, target of Rs 1240 and a sell in Balrampur Chini with a stop loss of Rs 70, target of Rs 62.
"We are structurally bullish on Indiabulls Housing Finance. One can expect an upside of 20 percent from current level as we believe that it is on right path to tap the big opportunity in Indian housing finance sector," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"Focus on core mortgage loans and market share gains should drive AUM growth of 25 percent+ over the next three years. Asset quality trend is likely to remain stable. We recommend a buy with target of Rs 1585," says Sumit Bilgaiyan, Founder of Equity99.
Ashwani Gujral of ashwanigujral.com recommends buying Balrampur Chini, Can Fin Homes, Tech Mahindra, Maruti Suzuki and Indiabulls Housing Finance.
"The level of 10,300 i.e. upper band of Falling Channel might work as strong hurdle zone. Decisive break above this trendline would take Nifty further higher," says Rajesh Agarwal of AUM Capital
"Oscillators like RSI & MACD are in oversold zone. Sustenance trade above 10140 levels may add upside momentum till 10,190 and 10,250 marks. Strong support is seen around 9,900-10,000 levels," says Rajesh Agarwal of AUM Capital.
Yogesh Mehta of Motilal Oswal is of the view that one can sell Indiabulls Housing Finance and Axis Bank and can buy Tech Mahindra.
Mitessh Thakkar of miteshthacker.com recommends selling Cipla with a stop loss of Rs 590 and target of Rs 564 and advises buying NIIT Tech with a stop loss of Rs 854 and target of Rs 900.
Shubham Agarwal, CEO at Qapp Securities is of the view that one can buy Allahabad Bank 47.5 Put and Indiabulls Housing Finance 1280 Put.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Indiabulls Housing Finance and Hexaware Tech and can sell Havells India.
Zee Entertainment,Indiabulls Housing,Eicher Motors,Asian Paints,Power Grid
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance, Motilal Oswal, Biocon, Titan Company an Motherson Sumi Systems.
Prakash Gaba of prakashgaba.com suggests shorting Bank of Baroda and Indiabulls Housing Finance.
Prakash Gaba of prakashgaba.com is of the view that L&T Finance Holdings can climb to Rs 165 while M&M Financial Services may test Rs 480.
Rajat Bose of rajatkbose.com is of the view that one may hold Indiabulls Housing Finance.
Mayuresh Joshi of Angel Broking is of the view that one may hold Indiabulls Housing Finance with long term view.