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
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9340 and resistance at 9500 while Bank Nifty has support at 22500 and resistance at 22850.
Mitessh Thakkar of miteshthacker.com suggests buying Infosys while advises selling Asian Paints.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell NMDC and Tech Mahindra and buy Muthoot Finance.
Ashwani Gujral of ashwanigujral.com suggests buying Jubilant Life, India Cements and PC Jeweller.
Formation of hanging man after an intermediate up move on Thursday and Friday shows that the trend is exhausting as selling is emerging at a higher level.
Mitessh Thakkar of miteshthacker.com is of the view that Tech Mahindra may test Rs 445 to Rs 447.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tata Steel and Tech Mahindra and buy Petronet LNG.
According to Avinash Gorakshakar, Market Expert, one may hold Tech Mahindra.
Sandeep Wagle of powermywealth.com is of the view that one may buy Tech Mahindra.
Kotak Institutional Equities cautioned the street of higher-than-expected stress in Bharat Financial's portfolio. It has retained reduce call with a target price of Rs 730.
Cite appropriate valuations along with aid to scaling up healthcare vertical as reasons for their thumbs up. Simultaneously, Credit Suisse also feels this will be earnings neutral or be very slightly accretive.
Deutsche Bank's largecap picks are Aurobindo Pharma, BPCL, Maruti Suzuki, NTPC, SBI, Shree Cement, Tata Motors, TCS, Tech Mahindra and Vedanta India.
Sudarshan Sukhani of s2analytics.com recommends buying Reliance Industries, Bharat Financial Inclusion, IndusInd Bank and Tech Mahindra.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Havells India and Dr Reddy's Labs and advises buying Petronet LNG and Siemens.
Prakash Gaba of prakashgaba.com advises buying Cadila Healthcare on dips.
Sudarshan Sukhani of s2analytics.com recommends selling Apollo Tyres and JSW Steel and advises buying Tech Mahindra.
Gaurav Bissa of LKP Securities is of the view that one may buy Torrent Pharma, Tech Mahindra and Mahindra & Mahindra while on ecan sell Asian Paints.
According to Ashwani Gujral of ashwanigujral.com, one can buy Hindalco Industries, Vedanta, Tata Steel and DLF on dips while he feels that Infosys may head to Rs 1060.
According to Ashwani Gujral of ashwanigujral.com, one can buy Natco Pharma, TV Today Network and Tech Mahindra.
Prakash Gaba of prakashgaba.com likes Aurobindo Pharma with target of Rs 725 and Tech Mahindra with target of Rs 500.
Prakash Gaba of prakashgaba.com is of the view that Tech Mahindra can climb to Rs 490 while Tata Steel may slide to Rs 445.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Tech Mahindra and Aurobindo Pharma and buy Yes Bank, Tata Chemicals and Havells India.
Ashwani Gujral of ashwanigujral.com recommends buying Rashtriya Chemicals and Fertilisers, Can Fin Homes, NBCC, Bharat Financial Inclusion and Bajaj Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Bajaj Finserv and sell TCS and Tech Mahindra.
In an interview to CNBC-TV18, Rajen Shah, Chief Investment Advisor at Tradebulls Group shared his readings and outlook on specific stocks and sectors.