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
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Anuj Singhal, and Sonia Shenoy of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Jay Thakkar of Anand Rathi Securities advises buying Redington with a target of Rs 205.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Power, BHEL and Adani Power and can buy DLF, Prestige Estates and NCC.
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits, Bajaj Finance and Ajanta Pharma.
Sandeep Wagle of powermywealth.com suggests buying Engineers India and Adani Power.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dish TV with a stop loss of Rs 79 and target of Rs 85, a buy on GMR Infra with a stop loss of Rs 19.20 and target of Rs 21 and a buy on JSW Energy with a stop loss of Rs 84 and target of Rs 91.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy HDFC Bank, Zee Entertainment, Bharat Forge, Adani Power and PSU banks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy RIL, Bharat Financial, DHFL, Bharat Forge and M&M Financial and advises selling Grasim Industries.
Gaurav Bissa, Derivatives Analyst at LKP Securities is of the view that one can buy Lupin and Adani Power and can sell PVR.
Mitessh Thakkar of miteshthacker.com recommends buying Dalmia Bharat, Mahindra & Mahindra, Adani Power, Tata Power and Sun TV Network.
Mitessh Thakkar of miteshthacker.com has a sell on BEML with a stop loss of Rs 1711 for target of Rs 1640 and a buy on Jindal Steel & Power with a stop loss of Rs 167.50 for target of Rs 178.
According to Technical Analyst Prakash Gaba of prakashgaba.com, we are very close to the first line of defense at 10184 and if that goes then even 10089 is not ruled out. The crucial support for the Nifty is at 10184-10089-9994 and the resistance is at 10380-10400. Bank Nifty on the other hand has support at 25200 and resistance at 25600.
Mitessh Thakkar of miteshthacker.com has a buy on Bharat Electronics with a stop loss below Rs 179.90 for target of Rs 195, a buy on Ceat in range of Rs 1780-1795 with stop loss of Rs 1755 for target of Rs 1860 and a buy on GSFC with a stop loss of Rs 159 for target of Rs 172.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Repco Home Finance and buy Gujarat State Fertilizers & Chemicals, Dr Reddy’s Laboratories and Sun TV Network.
Sameet Chavan of Angel Broking is of the view that one may buy Adani Power with a target of Rs 36.80.
Mitessh Thakkar of miteshthacker.com suggests buying Container Corporation of India and Adani Power.
The bad has been done or negligible is being left, one should start accumulating good quality and cheap valuations steps available in the market, says Dyaneshwar Padwal – AVP – Technical Analysis, KIFS Trade Capital to Moneycontrol.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC and hold Adani Ports and Special Economic Zone while can sell PVR and Ajanta Pharma and avoid Lupin.
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.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Tyres, Dewan Housing Finance Corporation and Shree Cements and can sell Tata Motors and Glenmark Pharma.
Sandeep Wagle of powermywealth.com suggests buying Adani Power and Godrej Industries.
Ruchit Jain of Angel Broking advises buying Pidilite Industries with a target of Rs 855.
According to Technical Analyst Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9785 and the resistance is at 9911. Bank Nifty on the other hand has support at 24074 and resistance at 24511.
Adani Trans, Motherson sumi and Bharat Forge, among others, were