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
The immediate hurdle for Bank Nifty is placed at 22,350, above which, a follow-up buying can be seen till 22,700 in the coming sessions.
Immediate support is seen around 10,700 and 10,600, whereas 10,900 and 11,000 will act as a hurdle before June expiry.
If the index closes above 10,800, it would result in a further short-covering, this might push it to 10,950 levels.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Anuj Singhal, and Sonia Shenoy of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com recommends buying Delta Corp with a stop loss of Rs 312, target of Rs 328 and GSFC with a stop loss of Rs 154, target of Rs 168.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Escorts and Tata Sponge.
Ashwani Gujral of Ashwanigujral.com advises buying Reliance Industries, Tata Sponge iron and Britannia Industries.
Sameet Chavan of Angel Broking is of the view that one may buy Adani Power with a target of Rs 36.80.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy United Spirits, Apollo Tyres and Century Textiles and Industries and can sell Canara Bank and Cummins India.
Ashwani Gujral of ashwanigujral.com recommends buying Hitachi Home, Motilal Oswal, NBCC, Tata Chemicals and Petronet LNG.
Below is our latest offering: 12 conviction picks that could fetch you strong returns if held from this Diwali to the next, along with the rationale for our choices. The list is in alphabetical order.
Sumeet Jain of Destimoney Securities is of the view that one may buy Thermax with a target of Rs 1010.
Ruchit Jain of Angel Broking suggests buying Exide Industries with a target of Rs 234.
Avinnash Gorakssakar, Market Expert is of the view that one may prefer Vedanta.
Prakash Gaba of prakashgaba.com advises buying Tata Sponge Iron.
Vijay Chopra of enochventures.com feels that Tata Sponge Iron may touch Rs 950.
Rajat Bose of rajatkbose.com advises exiting Tata Sponge Iron.
Tata Sponge, which has access to captive raw material, excess land, technical knowhow and huge cash in books, is now looking at forward integration.
Prakash Gaba of prakashgaba.com is of the view that the logical technical target of 9969 is still valid as long as 9792 holds. The crucial support for the Nifty is at 9792-9720 and the resistance is at 9916-9969. Bnak Nifty has support at 24000 and resistance at 24300.
Structurally, the index has concluded a healthy corrective phase over the last month within the larger degree uptrend.
Vishal Malkan of malkansview.com recommends buying Zuari Agro Chemicals with a target of Rs 425 and Deepak Fertilisers with a target of Rs 330.
Vishal Malkan of malkansview.com advises selling Power Finance Corporation with target of Rs 115.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Capital, Reliance Infrastructure, Future Lifestyle Fashion, Motilal Oswal and EID Parry.
Pankaj Jain of SW Capital advises buying Bank of Baroda with a target of Rs 205.
Ashwani Gujral of ashwanigujral.com suggests buying SRF, Can Fin Homes and PVR and expects level of Rs 1000 in Tata Sponge.