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
Ashwani Gujral of ashwanigujral.com suggests buying Bharti Airtel with a stop loss of Rs 445 and target of Rs 470.
Prakash Gaba of prakashgaba.com recommends buying Indiabuls Housing Finance with target at Rs 320 and stop loss at Rs 275 and NMDC with target at Rs 120 and stop loss at Rs 112.
If the Nifty50 sustains above 12,000, the rally could continue towards the all-time high of 12,103 and then towards 12,28-12,350 levels
Prakash Gaba of prakashgaba.com suggests selling Just Deal with stop loss at Rs 597 and target of Rs 570
Nifty Put-Call option distribution data is suggesting is support at 11,400 levels and resistance at 11,800 levels.
The weekly strength indicator RSI and momentum oscillator Stochastic have both turned negative and are below their respective reference lines indicating negative bias
A sustained trade above 11,520 can trigger short covering rally to levels of 11,625-11,800.
Most experts feel the government could focus more on infrastructure and rural spending, which are key areas to bring growth back on track
A break above 11,800 levels could see further buying in Nifty while a break below 11,600 could see bears reclaiming their hold on D-Street
In the last week, the S&P BSE Midcap index shed 0.57 percent, Smallcap Index fell 1.55 percent, while S&P BSE Largecap Index was up 0.84 percent in the week gone by.
The S&P BSE Midcap index slipped 0.57 percent for the week ended May 17 while the S&P BSE Smallcap index was down 1.5 percent in the same period.
The crucial support for Nifty is placed at 11,100 while on the upside, the index is likely to find tough resistance around 11300
Nifty has taken support at its 100-day moving average placed at 11,132 and formed a bullish candle for the day. It needs to cross the immediate hurdle of 11,300 for a bounce back towards 11,400-11,450
Sudarshan Sukhani of s2analytics.com recommends buying Infosys with stop loss at Rs 734 and target of Rs 760, Manappuram Finance with stop loss at Rs 117 and target of Rs 126 and Bata India with stop loss at Rs 1346 and target of Rs 1380.
We expect Nifty and Sensex to consolidate with positive bias in the coming days.
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Foodworks with a stop loss of Rs 1300, target of Rs 1345, SRF with a stop loss of Rs 2230, target of Rs 2300 and Sun TV with a stop loss of Rs 570, target of Rs 595.
Volatility is likely to increase further as we approach Interim Budget, suggest experts and investors should be prepared for sudden movements on either side
Breaking below 10,750 levels could lead to pressure in the market, says Ashish Chaturmohta of Sanctum Wealth Management.
VIX continues to consolidate at elevated levels which is a cause of concern. VIX needs to move below 17 for market to see sustainable up move, says Ashish Chaturmohta of Sanctum Wealth Management
Rajesh Agarwal of AUM Capital recommends buying Bandhan Bank with stop loss at Rs 367 and target of Rs 400, ICICI Bank with stop loss at Rs 309 and target of Rs 325 and SRF with stop loss at Rs 1754 and target of Rs 1838.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Forge with a stop loss of Rs 658 and target of Rs 690 and Century Textiles and Industries with a stop loss of Rs 940 and target of Rs 1000 and can sell Sun TV with a stop loss of Rs 781 and target of Rs 740.
Rajesh Agarwal of AUM Capital recommends buying UPL with stop loss at Rs 669 and target of Rs 695, Yes Bank with stop loss at Rs 359 and target of Rs 375 and SRF with stop loss at Rs 2000 and target of Rs 2120.
The Nifty index is continuously trading above its short-term upward trend line (trend line drawn from 28th June to 20th July’s 2018 low) which indicates that the index has potential to move higher around 11,495 (life time high level) and 11,588.
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.
Here is a list of top 10 stocks handpicked by Emkay Global that could return 13-85 percent over the next 12-18 months