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
TCS, IOC, and HPCL, among others, are being tracked by analysts on Wednesday.
Amit Gupta, Head-Derivatives at ICICIdirect is of the view that one can buy NTPC, UltraTech Cement and Colgate Palmolive (India) and short Tata Consultancy Services.
According to Mitessh Thakkar of miteshthacker.com, one can buy Tata Elxsi and sell TCS.
Mitessh Thakkar of miteshthacker.com advises buying Indiabulls Real Estate and Sun TV Network.
GDP, IT, media and TCS, among others, are being tracked by investors on Friday.
According to Rajat Bose of rajatkbose.com, one may stay invested in Tata Consultancy Services.
Ashu Madan of Religare Securities is of the view that one may exit Tata Consultancy Services.
Buyback leads to a reduction of the number of shares outstanding on the market, which in turn increase the proportion of shares a company owns.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9780-9750 and the resistance is at 9911-9965. Bank Nifty on the other hand has support at 23750 and resistance at 24250. He has 3 buy calls including Ambuja Cements, Bharti Airtel and Kajaria Ceramics and a sole sell call on Fortis Healthcare.
Avinnash Gorakssakar, Market Expert is of the view that one may stay invested in TCS.
Prakash Gaba of prakashgaba.com is of the view that one may hold Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy TCS and sell Punjab National Bank and Ashok Leyland.
Sudarshan Sukhani of s2analytics.com recommends buying Zee Entertainment, Tata Consultancy Services and NTPC and advises selling Jain Irrigation Systems and Castrol India.
According to Prakash Gaba of prakashgaba.com, rucial support for the Nifty is at 10000-9968 and the resistance is at 10149-10248-10536 and recommends buying BEML, Hero Moto, Hindustan Unilever and TCS.
Ashwani Gujral of ashwanigujral.com recommends buying TCS, Chambal Fertilisers and Bharti Infratel.
TCS,GAIL, and Coal India are on the radar of Reliance Securities
According to Prakash Gaba of prakashgaba.com, the next logical technical target for the Nifty is at 9969. The crucial support for the Index is at 9792-9720 and the resistance is at 9969 while Bank Nifty has support at 24100 and resistance at 24300-24400.
Ashwani Gujral of ashwanigujral.com suggests buying IFCI, Motherson Sumi and Punjab National Bank.
Ashwani Gujral of ashwanigujral.com suggests buying La Opala RG, Tata Consultancy Services and Kotak Mahindra Bank.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank, Indiabulls Housing Finance, Aurobindo Pharma, Capital First and RBL Bank.
TCS and RIL, among others, are on the radar of analysts on Friday
Sudarshan Sukhani of s2analytics.com suggests buying Mahindra and Mahindra, Infosys and HDFC and advises selling Cummins India and CESC.
Mitessh Thakkar of miteshthacker.com suggests buying Petronet LNG, Tata Global, Union Bank of India, Oriental Bank of Commerce and Mphasis.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services, Punjab National Bank and Canara Bank.
Sudarshan Sukhani of s2analytics.com recommends buying Sun Pharmaceutical Industries and Tata Consultancy Services.