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
Mitessh Thakkar of miteshthacker.com is of the view that one can short Indiabulls Housing Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Bank of Baroda and Indiabulls Housing Finance and can buy Wipro.
Ashwani Gujral of ashwanigujral.com advises buying Indraprastha Gas, Raymond and Jain Irrigation.
According to Ashwani Gujral of ashwanigujral.com, one may get into Indiabulls Housing, Dewan Housing Finance Corporation, Can Fin Home and PNB Housing.
Ashwani Gujral of ashwanigujral.com advises buying Vedanta, HSIL and Brigade Enterprises.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian ofsptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Bank of India, NMDC and Indo Count Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Engineers India and Cummins India and buy Indiabulls Housing Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy TVS Motor Company, Indiabulls Housing Finance and Apollo Tyres.
According to Prakash Gaba of prakashgaba.com, one can buy BHEL and Indiabulls Housing Finance.
Ashwani Gujral of ashwanigujral.comis of the view that one may buy Tata Steel and sell GAIL India and ONGC.
Ashwani Gujral of ashwanigujral.com recommends buying Future Lifestyle Fashion, Mindtree, Karur Vysya Bank, Indiabulls Housing Finance and HDIL.
Prakash Gaba of prakashgaba.com is of the view that Indiabulls Housing can climb to Rs 1180 while Tech Mahindra may test Rs 411.
Ashwani Gujral of ashwanigujral.com suggests buying Dewan Housing Finance, Indiabulls Housing Finance and India Cements.
Sandeep Wagle of powermywealth.com recommends buying LIC Housing Finance and Indiabulls Housing Finance.
Yogesh Mehta of Motilal Oswal suggests buying RBL Bank, Indiabulls Housing Finance and Havells India.
Chandan Taparia of Motilal Oswal Securities recommends buying Indiabulls Housing Finance, Tata Steel and Reliance Industries.
Mitessh Thakkar of mitesshthakkar.com recommends buying Godrej Consumer, BPCL and LIC Housing Finance.
Sameet Chavan of Angel Broking suggests buying Apollo Hospitals with target of Rs 1280 and Indiabulls Housing Finance with a target of Rs 1125.
All these stocks possess qualities of strong management, wide product portfolio, interlinked with a promising economy.
Nifty has support at 9550 and resistance at 9634-9660 while Bank Nifty has support at 23250 and resistance at 23600, says Prakash Gaba of prakashgaba.com.
After a strong rally witnessed in the last 2 weeks, investors are advised to book some profits and re-enter at lower levels.
Prakash Gaba of prakashgaba.com is of the view that Indiabulls Housing Finance may test Rs 1115 and Karnataka Bank may hit Rs 170.
According to Ashwani Gujral of ashwanigujral.com, one can buy MCX India, Indiabulls Housing Finance and Chambal Fertilisers and Chemicals.
According to Ashwani Gujral of ashwanigujral.com, one can buy Dewan Housing Finance and CG Power.