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
Prakash Gaba of prakashgaba.com feels that Tata Consultancy Services can climb to around Rs 2800.
Vijay Chopra of enochventures.com is of the view that one may look at PSU banking stocks.
Sandeep Wagle of powermywealth.com is of the view that one can buy Berger Paints and can sell LIC Housing Finance.
Mitessh Thakkar of mitesshthakkar.com has a buy on Vijaya Bank with a target of Rs 66, a buy on NTPC with a target of Rs 190 and a buy Oil India Limited with a target of Rs 358.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy SBI, BoI, Syndicate Bank, NCC and Jet Airways and can sell Bharat Financial Inclusion.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
The top loser in Nifty50 Index were Indiabulls Housing Finance followed by Bajaj Finance and State Bank of India while the stocks that hit new 52-week low on the Nifty were Amara Raja Batteries, Wockhardt and Reliance Communications.
Technical Analyst Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 10028-9996 and the resistance is at 10138-10150. Bank Nifty on the other hand has support at 24800 and resistance at 25100.
Sudarshan Sukhani of s2analytics.com recommends buying Reliance Industries, ACC, Aurobindo Pharma and Equitas Holdings and advises selling Syndicate Bank.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may sell Granules India, Karnataka Bank and Syndicate Bank and buy IGL and Bharat Financial Inclusion.
Ashwani Gujral of ashwanigujral.com recommends buying Syndicate Bank, UltraTech Cement and Tata Chemicals.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian spoke about his readings and outlook on the fundamentals of the market and specific stocks.
Ashwani Gujral of ashwanigujral.com advises buying Syndicate Bank, Union Bank of India and Vijaya Bank.
Ashwani Gujral of ashwanigujral.com suggests buying Syndicate Bank, BHEL and Yes Bank.
Ashwani Gujral of ashwanigujral.com suggests selling Syndicate Bank and Engineers India and advises buying Engineers India.
Prakash Gaba of prakashgaba.com is of the view that one may avoid Motherson Sumi while Power Finance Corporation and Syndicate Bank look weak.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9350 and resistance at 9500 while Bank Nifty has support at 22400 and resistance at 22800.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Jindal Steel & Power and Rural Electrification Corporation.
Pankaj Jain of SW Capital advises buying Bank of Baroda with a target of Rs 205.
Ashwani Gujral of ashwanigujral.com suggests buying SREI Infra, Syndicate Bank and Bhushan Steel.
Vijay Chopra of enochventures.com recommends buying Punjab National Bank with a stoploss at Rs 165 and target of Rs 175 and SpiceJet with a stoploss at Rs 108 and target of Rs 116.
Ruchit Jain of Angel Broking advises buying Bharat Forge with a target of Rs 1195.
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank, Sundram Fasteners and Syndicate Bank.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Indo Count Industries, IDFC, JSW Energy and Syndicate Bank and can sell Torrent Pharma.
Sudarshan Sukhani of s2analytics.com suggests buying Punjab National Bank, Tata Chemicals and TVS Motor Company.