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
After touching Rs 300, it has given a correction till 50 percent retracements. This level is also merging with 50-DMA support, says Arpan Shah of Monarch Networth Capital.
In coming days, Nifty may find some supply pressure once we reach 10,880-10,900 zone as it has formed multiple bottoms at this level in the past and now this level may act as resistance, Arpan Shah of Monarch Networth Capital said
Sudarshan Sukhani of s2analytics.com suggests buying Britannia Industries with stop loss at Rs 5700 and target of Rs 6300, Bank of Baroda with stop loss at Rs 110 and target of Rs 125 and Eicher Motors with stop loss at Rs 24000 and target of Rs 27500.
Rajesh Agarwal of AUM Capital recommends buying State Bank of India with stop loss at Rs 277 and target of Rs 293 and Interglobe Aviation with stop loss at Rs 1027 and target of Rs 1080.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.
Sudarshan Sukhani of s2analytics.com advises buying Reliance Industries with a target of Rs 1132.
Sudarshan Sukhani of s2analytics.com suggests buying Eicher Motors with stop loss at Rs 22000 and target of Rs 23400, HDFC Bank with stop loss at Rs 1940 and target of Rs 1980 and State Bank of India with stop loss at Rs 285 and target of Rs 315.
Ashwani Gujral of ashwanigujral.com suggests buying Motherson Sumi Systems with a stop loss of Rs 168, target of Rs 180, Voltas with a stop loss of Rs 536, target of Rs 560 and Kotak Mahindra Bank with a stop loss of Rs 1120, target of Rs 1165.
Rising input costs, interest rates and depreciation in rupee is expected to put pressure on Nifty50 company’s margins, says Vinod Nair of Geojit Financial Services.
Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696 and Bank of Baroda with a stop loss of Rs 101 and target of Rs 93.
Rajesh Agarwal of AUM Capital recommends buying Bharti Airtel with stop loss at Rs 288 and target of Rs 310, JSW Steel with stop loss at Rs 348 and target of Rs 360 and Axis Bank with stop loss at Rs 550 and target of Rs 575.
We believe Nifty will hold the trend line and undergo base formation in coming weeks. Investors should utilise the current decline to accumulate quality stocks in a staggered manner, says Dharmesh Shah of ICICI Direct.com Research.
Going forward, the Nifty is likely to consolidate within the range of 10,000 and 10,450. A decisive breakout on either side will confirm the future trend
Rajesh Agarwal of AUM Capital recommends selling Wipro with stop loss at Rs 315 and target of Rs 300 and Interglobe Aviation with stop loss at Rs 847 and target of Rs 780.
Morgan Stanley turns underweight on Yes Bank and RBL Bank, and Equal Weight on AU Small Finance Bank.
Experts say valuation, migration from NBFCs could work in favour of banks, but don’t ignore NBFCs just yet
Use the dips in the market to accumulate or buy into quality stocks.
Prakash Gaba of prakashgaba.com suggests buying Ajanta Pharma with target at Rs 1100 and stop loss at Rs 1020, Apollo Tyres with target at Rs 225 and stop loss at Rs 205 and State Bank of India with target at Rs 290 and stop loss at Rs 270.
We expect the ongoing correction to mature in the coming 1-2 weeks around the major support area of 10,200.
Rajesh Agarwal of AUM Capital recommends buying Bajaj Finance with stop loss at Rs 2198 and target of Rs 2350, NIIT Technologies with stop loss at Rs 1163 and target of Rs 1235 and Bandhan Bank with stop loss at Rs 498 and target of Rs 530.
Shabbir Kayyumi of Narnolia Financial Advisors maintained cautious view in this sharply lower trending market till some consolidation starts.
Rajesh Agarwal of AUM Capital recommends buying Adani Enterprises with stop loss at Rs 133 and target of Rs 147, State Bank of India with stop loss at Rs 265 and target of Rs 279 and JSW Steel with stop loss at Rs 397 and target of Rs 414.
Ashwani Gujral of ashwanigujral.com suggests selling Bank of Baroda with a stop loss of Rs 114, target of Rs 105, Reliance Capital with a stop loss of Rs 342, target of Rs 328 and Repco Home Finance with a stop loss of Rs 470, target of Rs 452.
Morgan Stanley expects Sensex earnings growth of 23 percent YoY in FY19 and 24 percent YoY in FY20.
Rajesh Agarwal of AUM Capital recommends buying Hexaware Technologies with stop loss at Rs 449 and target of Rs 464, Axis Bank with stop loss at Rs 644 and target of Rs 660 and Graphite India with stop loss at Rs 988 and target of Rs 1025.