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
Nifty is trading above its major simple moving averages, which are rising and are placed around 11,680 that suggest a strong uptrend will unfold in mid-term
Nifty’s 5-week SMA is rising and is placed around 11,611, which implies weakness is only below the crucial support of 11,611
Ashwani Gujral of ashwanigujral.com recommends buying Syndicate Bank with a stop loss of Rs 40, target of Rs 47, Indian Bank with a stop loss of Rs 274, target of Rs 286 and Indiabulls Housing Finance with a stop loss of Rs 800, target of Rs 825.
Traders can accumulate the stock in a range of Rs 255-257 for the upside target of Rs 278 levels and a stop loss below Rs 240, says Shitij Gandhi of SMC Global Securities.
Mitessh Thakkar of mitesshthakkar.com recommends buying Axis bank with a stop loss below Rs 638 for target of Rs 675, ICICI Bank with a stop loss of Rs 369.4 and target of Rs 400 and MCX India with a stop loss of Rs 733 and target of Rs 765.
Mitessh Thakkar of mitesshthakkar.com recommends buying Escorts with a stop loss of Rs 706 and target of Rs 745, HDFC with a stop loss of Rs 1982 and target of Rs 2060 and HDFC Bank with a stop loss of Rs 2132 and target of Rs 2185.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2508 and target of Rs 2585, Berger Paints with a stop loss of Rs 322.5 and target of Rs 340 and Indian Bank with a stop loss of Rs 238.5 and target of Rs 255.
Prabhudas Lilladher says that the current volatility should be used as an opportunity accumulate fundamentally strong stocks for long term.
Prakash Gaba of prakashgaba.com advises buying NIIT Tech with a stoploss of Rs 1150 and target of Rs 1250.
Dividend-paying stocks make an ideal portfolio play especially in times of crisis. These stocks tend to absorb the volatility and remain relatively stronger in such a scenario
Sudarshan Sukhani of s2analytics.com recommends selling Can Fin Homes with stop loss at Rs 240 and target of Rs 218, Cummins India with stop loss at Rs 665 and target of Rs 635 and Sun TV with stop loss at Rs 625 and target of Rs 575.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Aurobindo Pharma with a stop loss of Rs 720 and target of Rs 755 and sell Equitas Holdings around Rs 131 with stop loss of Rs 136 and target of Rs 120.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy HCL Tech with a stop loss of Rs 1008 and target of Rs 1060 and can sell Indian Bank with a stop loss of Rs 339.5 and target of Rs 322 and Repco Home with a stop loss of Rs 593 and target of Rs 560.
The main impact could be in the form of accretion in fresh slippages and the rise in credit costs (especially for SME/MSME/retail) along with weakening credit growth profile.
In the Friday's trading session Nifty hit a record high of 11,283.40 and Sensex touched a record high at 37,368.62.
Ashwani Gujral of ashwanigujral.com advises buying Raymond with a target Rs 780.
Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
FY19 promises to be a volatile year for equity markets with indices moving 10-20% in either direction. There are plenty of global headwinds which might arrest the liquidity flow while on the other hand uncertainty around general elections, rising crude oil prices, as well as state election, rate action by the central bank is likely to cap upside.
The reaction to the US-China trade war on equity markets was nothing short of a bloodbath. Asian markets plunged while back home Sensex and Nifty recorded a cut of over 1 percent. The rout witnessed by the Indian market on Friday has eroded Rs 1.57 crore of investor wealth.
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.
Sameet Chavan of Angel Broking is of the view that one may sell OBC with a target of Rs 110.
South Indian Bank, Eveready, ITC and Bharti Airtel, among others, are being tracked by investors on Thursday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, DHFL, Interglobe Aviation, M&M and South Indian Bank and can sell Andhra Bank.
Mitessh Thakkar of miteshthacker.com suggests buying Tata Chemicals, South Indian Bank, Bata India and Hero Moto.
Ashwani Gujral of ashwanigujral.com recommends buying L&T Finance Holdings, CG Power and South Indian Bank.