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 is of the view that one can buy Ashok Leyland, NMDC and JSW Steel.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Steel Authority of India and DCB Bank and can buy Zensar Technologies.
Sameet Chavan of Angel Broking is of the view that one may sell OBC with a target of Rs 110.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Nalco, Titan Company.
Gaurang Shah of Geojit Financial Services positive on metal space.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Rakesh Bansal of RK Global is of the view that one may buy Compuage Infocom with a target of Rs 75.
Vijay Chopra of enochventures.com advises buying NMDC with a and target of Rs 146.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy DLF on dips.
Mitessh Thakkar of mitesshthakkar.com advises buying ONGC and Wipro.
Mitessh Thakkar of mitesshthakkar.com recommends buying Steel Authority of India with a stop loss of Rs 81.50 and target of Rs 87, ICICI Prudential Life Insurance above Rs 398, with stop loss of Rs 391 and target of Rs 414 and a buy also on Idea Cellular with a stop loss of Rs 96 for target of Rs 103.
Prakash Gaba of prakashgaba.com is of the view that KPIT Tech can climb to Rs 185 while Tata Motors may test Rs 425.
Kiran Jadhav of KiranJadhav.com recommends buying Mortherson Sumi Systems, Bharat Forge and Steel Authority of India.
Mitessh Thakkar of mitesshthakkar.com recommends buying Sonata Software, United Breweries, SAIL, Aurobindo Pharma and Balrampur Chini.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy SAIL with a target of Rs 87.40.
Watch the interview of SP Tulsian of sptulsian.com with CNBC-TV18's Anuj Singhal, Latha Venkatesh and Surabhi Upadhyay, where he shared his readings and outlook on the market, as well as specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com suggests buying Steel Authority of India with a stop loss of Rs 84, target of Rs 96, a buy on BF Utilities with a stop loss of Rs 474, target of Rs 500 and a buy on Engineers India with a stop loss of Rs 188, target of Rs 202.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, Bhushan Steel, Karnataka Bank, DLF, SAI and Century Textiles.
Ashwani Gujral of ashwanigujral.com recommends buying ONGC, Steel Authority of India and HDFC.
BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Manoj Murlidharan of Religare Securities recommends buying Ambuja Cements, Steel Authority of India and Adani Ports.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10150 and the resistance is at 10315-10537 while Bank Nifty has support at 25000 and resistance at 25534.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
The S&P BSE Sensex rose over 200 points in trade on Friday but there was plenty of action in individual stocks as more than 150 stocks hit a fresh 52-weeks high on the BSE.