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
Traders can accumulate the stock in a range of Rs 285-290 for the upside target of Rs 305 levels and a stop loss below Rs 272, says Shitij Gandhi of SMC Global Securities.
Rajesh Agarwal of AUM Capital recommends buying Aptech with stop loss at Rs 165 and target of Rs 183, VIP Industries with stop loss at Rs 508 and target of Rs 550 and Zydus Wellness with stop loss at Rs 1198 and target of Rs 1249.
Mitessh Thakkar of mitesshthakkar.com suggests buying Apollo Hospitals with a stop loss below Rs 1229 and target of Rs 1295 and advises selling Arvind with a stop loss of Rs 314 and target of Rs 296 and CESC with a stop loss of Rs 687 and target of Rs 651.
MOSL’s FY19/20 Nifty EPS estimates have been cut by 4.4/2.9% to Rs 515/655 v/s Rs 539/674 earlier
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.