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
In case of any decline, Nifty will continue to find support around 11,800-11,700 levels, which coincides with horizontal trendline supports and will act as a line of polarity.
Nomura expects Torrent to record strong cash flow generation over the next three years
Mitessh Thakkar of mitesshthakkar.com advises buying Power Grid with a stop loss of Rs 206 and target of Rs 218.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever with a stop loss of Rs 1745, target of Rs 1800 and IndusInd Bank with a stop loss of Rs 1480, target of Rs 1540.
Deutsche's top picks are Torrent Pharma, Aurobindo Pharma and Cipla which all are buy calls.
Ashwani Gujral of ashwanigujral.com recommends buying Indraprastha Gas with a stop loss of Rs 320, target of Rs 345, Hindustan Unilever with a stop loss of Rs 1730, target of Rs 1765 and Titan Company with a stop loss of Rs 1110, target of Rs 1140.
Rajat Bose of rajatkbose.com recommends buying Mindtree with stop loss below Rs 941 for targets of Rs 967 and Rs 974, United Spirits only above Rs 591 with stop loss below Rs 584 for targets of Rs 599 and Rs 607 and Advanced Enzyme with stop loss below Rs 177.50 for targets of Rs 185.50 and Rs 187.
On the higher end, 10,920 is likely to continue acting as resistance; sustained trades above which may lead to rally towards 11,100.
Nifty has crucial hurdle at 10,800 and its sustainability would pave way for further recovery to 10,950-11,000 zone else profit taking will resume
We expect Nifty and Sensex to consolidate with positive bias in the coming days.
Ashwani Gujral of ashwanigujral.com recommends buying UltraTech Cement with a stop loss Rs 3700, target of Rs 3765, Infosys with a stop loss of Rs 748, target of Rs 770 and Maruti Suzuki with a stop loss of Rs 6800, target of Rs 7200.
It can be bought at current levels and on dips to Rs 1,860 with a stop loss below Rs 1,780 for the target of Rs 2,050, says Ashish Chaturmohta of Sanctum Wealth Management.
On the downside breaking below 10,641, market can see decline towards 10,535 and then 10,350
Price has been consolidating in a range of Rs 1820 and Rs 1720 odd levels for last few weeks and poised for breakout on the upside.
Mitessh Thakkar of mitesshthakkar.com suggests buying Granules India with a stop loss of Rs 99 and target of Rs 106, NBCC with a stop loss of Rs 55 and target of Rs 64 and Torrent Pharma with a stop loss of Rs 1677 and target of Rs 1800.
Sudarshan Sukhani of s2analytics.com suggests buying Torrent Pharma with stop loss at Rs 1600 and target of Rs 1680, KPIT Tech with stop loss at Rs 210 and target of Rs 234 and Havells India with stop loss at Rs 590 and target of Rs 620.
Rajesh Agarwal of AUM Capital recommends buying ICICI Bank with stop loss at Rs 320 and target of Rs 335, Hindustan Oil Exploration with stop loss at Rs 138 and target of Rs 146 and Torrent Pharma with stop loss at Rs 1580 and target of Rs 1630.
For market to show strength sequence of lower highs and lower lows needs to be broken. Hence, 11,523 needs to be taken out first for market to see level of 11,600, says Ashish Chaturmohta of Sanctum Wealth Management
Sudarshan Sukhani of s2analytics.com suggests buying Hindalco Industries with a stop loss of Rs 227 and target of Rs 236, Cipla with a stop loss at Rs 648 and target of Rs 675 and TCS with a stop loss at Rs 2035 and target of Rs 2100.
Rajesh Agarwal of AUM Capital recommends buying Torrent Pharmaceuticals with stop loss at Rs 1768 and target of Rs 1800, Lupin with stop loss at Rs 898 and target of Rs 923 and Adani Transmission with stop loss at Rs 195 and target of Rs 215.
Mitessh Thakkar of mitesshthakkar.com recommends buying ACC with a stop loss of Rs 1572 and target of Rs 1640, Aurobindo Pharma with a stop loss below Rs 639 and target of Rs 690 and HUL with a stop loss of Rs 1660 and target of Rs 1840.
Sudarshan Sukhani of s2analytics.com recommends buying Torrent Pharma with a stop loss at Rs 1675 and target of Rs 1735 and NIIT Tech with a stop loss at Rs 1125 and target of Rs 1325.
Rajesh Agarwal of AUM Capital recommends buying Sun TV Network with stop loss at Rs 804 and target of Rs 825, Godawari Power with stop loss at Rs 449 and target of Rs 490 and VIP Industries with stop loss at Rs 534 and target of Rs 575.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Torrent Pharma with a target of Rs 1500.
The stock is currently trading above all its crucial SMA i.e. 20, 50, 100. The RSI and Stochastic are also in the positive terrain, says Rajesh Palviya of Axis Securities.