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
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra & Mahindra with stop loss at Rs 820 and target of Rs 850, a buy in Mindtree with stop loss at Rs 1020 and target of Rs 1065 and a buy also in Godrej Consumer Products with stop loss at Rs 1090 and target at Rs 1135.
Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 162 and target at Rs 173, a buy in Arvind with stop loss at Rs 412 and target at Rs 430 and a buy also in State Bank of India with stop loss at Rs 245 and target at Rs 257.
"Above 10,250 levels, the index can rally towards 10,420-10,500 levels where next cluster of resistances are seen. On the downside index has immediate resistance at 10,095 levels, breaking below this next support is at 9,950-9,920 levels," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
"The ‘RSI-Smoothened’ on the daily chart has surpassed the 70 mark, which we believe would provide the impetus for the next leg of the rally. Hence, we recommend buying for a target of Rs.2060. Traders are advised to follow strict stop loss at Rs 1885, says Sameet Chavan of Angel Broking.
Traders need to keep a close eye how the market behaves during the first half of the forthcoming week. Ideally, at present, traders need to be prepared for both possibilities; a small relief rally or a continuation of the ongoing down move.
Amit Gupta of ICICIdirect is of the view that one can buy Eicher Motors and SRF while Nestle India is likely to test Rs 8600.
Rajat Bose of rajatkbose.com recommends buying Apollo Tyres, SRF and Jet Airways.
Sandeep Wagle of powermywealth.com is of the view that one can sell PVR and can buy SRF.
Kunal Saraogi of Equityrush is of the view that oen may buy Federal Bank with a target of Rs 97.
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.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy Arvind with a target of Rs 404.
Ruchit Jain of Angel Broking is of the view that one may buy Nava Bharat Ventures with a target of Rs 158.
Sudarshan Sukhani of s2analytics.com suggests selling ONGC, SRF and Marico.
Kiran Jadhav of KiranJadhav.com advises buying SRF, Equitas Holding and UltraTech Cement.
Mitessh Thakkar of miteshthacker.com recommends buying HDFC with a stop loss of Rs 1740 and target of Rs 1795 and ICICI Bank with a stop loss of Rs 312 and target of Rs 330.
Ashwani Gujral of ashwanigujral.com recommends buying Dredging Corporation, DLF and Motilal Oswal.
We continue to remain positive as long as 10,000 is sustained on the Nifty and the current correction can be utilised to enter into fresh long positions, says Rahul Sharma, Head – Technical & Derivatives Strategy at Centrum Broking.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell DCB Bank and National Aluminium Company and can buy Bata India.
Prakash Gaba of prakashgaba.com advises buying Berger Paints, SRF and GSFC.
According to Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10300-10260-10200 and the resistance is at 10350-10410. Bank Nifty on the other hand has support at 25600 and resistance at 26000.
Sandeep Wagle of powermywealth.com recommends buying SRF and TVS Motor Company.
Ashwani Gujral of ashwanigujral.com suggests buying BEML, Future Consumer and GSFC.
Ashwani Gujral of ashwanigujral.com feels that SRF may move to Rs 1900-1950.
Motilal Oswal has maintained a buy on State Bank of India with an upside potential of 25 percent while it feels that Tata Motors with its strong JLR numbers can give 36 percent return.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, ICICI Bank and Bank of Baroda.