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 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 suggests buying Bata India with stop loss at Rs 860 and target of Rs 920, Dabur India with stop loss at Rs 400 and target of Rs 420 and Voltas with stop loss at Rs 520 and target of Rs 544.
Going ahead, expect the index to undergo some time-correction for a while, but the range would be slightly wider. It's advisable to keep booking existing shorts and ideally adopt a stock-centric approach.
iIvestors can buy in the range of Rs 660-665 levels for the upside target of Rs 710-720 levels and a stop loss below Rs 630.
10,870 will act as a strong hurdle whereas the Thursday’s high of 10,755 will act as an immediate resistance. Till the time index is trading below this zone every pullback should be used to short the index, says Aditya Agarwal of Way2Wealth Brokers.
We believe it’s an excellent buying opportunity and traders should utilise this phase to accumulate fresh longs in the given range of Rs 730-740 for target of Rs 780, says Jayant Manglik of Religare Broking.
Sudarshan Sukhani of s2analytics.com suggests buying Piramal Enterprises with stop loss at Rs 2850 and target of Rs 3000, Mahindra & Mahindra with stop loss at Rs 960 and target of Rs 980 and Berger Paints with stop loss at Rs 332 and target of Rs 344.
Global clues will continue to dominate market sentiments in the absence of any major domestic events. The rupee will be in focus as it closed above the Rs 70/$ for the first time
The Nifty is trading above its 20, 50 and 100-day simple moving average, which is an important short term moving average, indicating positive bias in the near term.
Rajesh Agarwal of AUM Capital recommends buying Edelweiss Financial with stop loss at Rs 288 and target of Rs 310, Yes Bank with stop loss at Rs 385 and target of Rs 405 and Apollo Hospitals with stop loss at Rs 1164 and target of Rs 1214.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance above Rs 2765 with stop loss of Rs 2744 and target of Rs 2840, Cummins India with a stop loss of Rs 674 and target of Rs 705 and India Cements with a stop loss of Rs 118.8 and target of Rs 129.
Reliance Securities’ Rajeev Srivastava advises investors to invest in quality stocks, which are less vulnerable to macro concerns and have healthy cash flow visibility
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy ACC with a stop loss of Rs 1299 and target of Rs 1345 and sell Escorts below Rs 873 with stop loss of Rs 900 and target of Rs 830 and also sell Bank of India with a stop loss of Rs 94.2 and target of Rs 88.
Jayant Manglik of Religare Broking expects the Nifty to hold 10,550 in case of any decline, while a decisive breakout above 10,850 would trigger a fresh upmove
Higher crude oil prices and the rupee’s weakness will continue to dampen sentiment putting pressure on the fiscal deficit and bond yields in the short term, Vikas Jain of Reliance Securities feels
Sudarshan Sukhani of s2analytics.com recommends buying RBL Bank with stop loss at Rs 512 and target at Rs 533 and Tata Chemicals with stop loss at Rs 760 and target at Rs 790.
On a year-to-date (YTD) basis, as many as six out of 10 stocks failed to even match the Sensex’s return of 1.09 percent.
The ongoing correction could possibly continue with an intermediate support around 10,100-10,150 levels. The advance and decline ratio is in the favor of bulls which add to our conviction.
The brokerage firm initiated coverage on Tata Chemicals with a buy call and a target of Rs 940. It implies an upside potential of 36 percent.
Kunal Saraogi of Equityrush is of the view that oen may buy Federal Bank with a target of Rs 97.
Mitessh Thakkar of miteshthacker.com recommends buying Dabur India with a stop loss of Rs 319.90 and target of Rs 332, a buy on Motherson Sumi Systems with a stop loss of Rs 302 and target of Rs 324 and a sell on Pidilite Industries with a stop loss of Rs 886 and target of Rs 844.
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance, Motilal Oswal, Biocon, Titan Company an Motherson Sumi Systems.
Ashu Madan of Religare Securities is of the view that one may hold Tata Chemicals.
Vijay Chopra of enochventures.com suggests buying Hindusthan Zinc with a target of Rs 310.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Tata Chemicals, Can Fin Homes and BPCL and can buy Tata Consultancy Services.