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
Shahina Mukadam, Independent Market Expert is of the view that one may buy Motherson Sumi with a target of Rs 290.
Ashwani Gujral of ashwanigujral.com recommends buying Balrampur Chini, Can Fin Homes, Tech Mahindra, Maruti Suzuki and Indiabulls Housing Finance.
Persistent Systems and ICICI Lombard, among others, are on investors’ radar on Wednesday.
Mitessh Thakkar of mitesshthakkar.com discusses with Prashant Nair and Ekta Batra his analysis on the technical side of the market as well as specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Jindal Steel & Power and can buy HDFC Bank and Motherson Sumi Systems.
Overall, we expect markets to consolidate between broad range of 10,240-10,520 levels for few sessions before giving any fresh breakout on either side.
Going forward, Nifty has an immediate support near 10285 and if it sustains below this level will lead to a further correction towards 10210 and 10141 levels respectively.
After a sharp correction seen throughout in the month of March, analysts feel that the Nifty could see a bounce back which could take the Nifty towards 10300-10400 levels. But, that would just be a ‘Dead Cat Bounce’ as the pain is not yet over.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Petronet LNG and buy Motherson Sumi Systems.
"Any significant breach below 10,130 may drag Index further lower till 10,000 mark i.e. 78.60 percent Retracement level (Drawn from low of 9687 to high of 11,171) on daily scale which might work as strong support zone," says Rajesh Agarwal of AUM Capital.
Mitessh Thakkar of miteshthacker.com recommends buying Dabur India with a stop loss of Rs 319.90 and target of Rs 332, a buy on Motherson Sumi Systems with a stop loss of Rs 302 and target of Rs 324 and a sell on Pidilite Industries with a stop loss of Rs 886 and target of Rs 844.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Canara Bank and Punjab National Bank and can buy Ashok Leyland.
Ashwani Gujral of ashwanigujral.com recommends selling Union Bank of India with a stop loss of Rs 100, target of Rs 88, Bank of India with a stop loss of Rs 106, target of Rs 94, Canara Bank with a stop loss of Rs 272, target of Rs 258 and ICICI Bank with a stop loss of Rs 300, target of Rs 285.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Motherson Sumi with a target of Rs 343.80.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Indraprastha Gas and can sell Canara Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, UPL and Motherson Sumi Systems.
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance, Motilal Oswal, Biocon, Titan Company an Motherson Sumi Systems.
Sandeep Wagle of powermywealth.com recommends selling Tata Steel and Motherson Sumi Systems.
Sandeep Wagle of powermywealth.com suggests selling Tata Steel and Motherson Sumi Systems.
Ashwani Gujral of ashwanigujral.com recommends selling Motherson Sumi, Bajaj Finance, HDFC, Sun Pharma, Reliance Capital and PC Jeweller.
In an interview to CNBC-TV18, Rajesh Kothari, Managing Director, AlfAccurate Advisors shared his views and readings on some of the sectors from the broader market which are doing well despite of volatile market.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Sun TV and Jindal Steel & Power and can buy Bombay Burmah Trading.
Sandeep Wagle of powermywealth.com recommends selling Adani Enterprises and Motherson Sumi Systems.
Vijay Chopra of enochventures.com is of the view that one may sell Bharat Forge with a target of Rs 750.
The sharp correction in midcaps makes stock-picking a bit less challenging, as valuation premiums have moderated from the recent highs.