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
Yogesh Mehta of Motilal Oswal is of the view that one can buy ONGC and Tata Steel and can short SRF.
V-Guard, SRF & Hindustan Zinc are on the radar of Reliance Securities
The index may march towards 9,580-9,600 levels in the near-term. Any dip must be used as a fresh buying opportunity.
Ashwani Gujral of ashwanigujral.com recommends buying Muthoot Finance and Reliance Industries and picks Yes Bank as a sell.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Capital, SRF and CG Power.
Ashwani Gujral of ashwanigujral.com suggests buying SRF, Can Fin Homes and PVR and expects level of Rs 1000 in Tata Sponge.
Yogesh Mehta of Motilal Oswal suggests buying Grasim Industries, Kotak Mahindra Bank and SRF.
VK Sharma, Head of Business - Private Client Group at HDFC Securities suggests buying SRF 1700 Call and Engineers India 160 Call.
Mitessh Thakkar of miteshthacker.com suggests selling Aditya Birla Nuvo and Page Industries and advises buying HDFC, SRF and Gayatri Projects.
Ashwani Gujral of ashwanigujral.com recommends selling Hexaware Technologies and advises buying SRF and PVR.
According to Rajat Bose of rajatkbose.com, one can buy SRF and can sell Petronet LNG.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy Alembic with a target of Rs 48.70.
According to Ashwani Gujral of ashwanigujral.com, one can buy SRF, IndusInd Bank and Jubilant Life Sciences.
The index made a high of 9,158 on Thursday; however, it is placed near the upper-end of the current Gann channel i.e. 9160 which warrant some caution.
Technical Analyst Prakash Gaba of prakashgaba.com is of the view that NIFTY has support at 9130 and resistance at 9218 while BANK NIFTY has support at 21200 and resistance at 21500.
Ashwani Gujral of ashwanigujral.com advises buying Bharat Petroleum Corporation, Hindalco Industries and SRF.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Karnataka Bank close to Rs 133 while one can short SRF below Rs 1550.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services, Natco Pharma and DHFL and advises selling SRF and Engineers India.
Ashwani Gujral of ashwanigujral.com advises buying Petronet LNG, SRF and Sun Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SRF and Engineers India and advises buying Zee Entertainment.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Yes Bank and sell SRF and Crompton Greaves.
Rakesh Bansal of RK Global recommends buying BEML with a target of Rs 1313 and Havells India with a target of Rs 455.
Ashwani Gujral of ashwanigujral.com recommends buying SRF, Punjab National Bank and Bajaj Auto.
Ashwani Gujral of ashwanigujral.com is of the view that SRF is a good intraday play and the stock can test Rs 1750.
Prakash Gaba of prakashgaba.com is of the view that Punjab National Bank and Jubilant Foodworks look good while he likes DLF and SRF.