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
Rangebound trading may continue, and Monday's low could be crucial for further direction. Below are some short-term trading ideas to consider.
Tata Motors extended upward move for fifth consecutive session, and strong rally in the last three sessions with healthy volumes, while the stock continued higher highs, higher lows formation for four days in a row.
Triveni Turbine also saw a breakout of downward sloping resistance trendline and formed long bullish candlestick pattern with upper and lower shadows on the daily charts.
In coming sessions, 17,700-17,800 levels (5 and 21 EMA) are expected to be next resistance area for the index and if the said levels get passed then psychological 18,000 mark which coincides with 20-day SMA is likely to be a crucial hurdle, with the support at 17,400-17,255 area
Santosh Meena of Swastika Investment says, technically, Rs 16 is a critical hurdle for the stock and only a decisive move above it can lead to a move towards Rs 20-22 levels.
The government has announced the details of the Rs 88,000 crore capital infusion plan for 20 public sector banks. In an interview with CNBC-TV18, Kunal Shah of Edelweiss Financial Services shared his views and outlook on the same.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy UCO bank and Dena Bank and can sell DLF.
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.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy UCO Bank, Larsen and Toubro and Edelweiss Financial Services.
According to Ashwani Gujral of ashwanigujral.com, one can keep holding Maruti Suzuki as the stock may head to Rs 7500 while he prefers Union Bank of India and Bank of India.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Apollo Hospitals, GAIL India and UCO Bank and advises buying Put Options in Tata Motors while one can sell Apollo Tyres and Praj Industries.
According to Sandeep Wagle of powermywealth.com, one can buy Biocon and UCO Bank and sell Havells India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Canara Bank, Bank of Baroda and UCO Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Hindustan Construction Company, Bajaj Finserv and Torrent Pharma and advises selling Indiabulls Housing and Cairn India.
Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks for the day and talked about the public sector undertaking (PSU) banking space.
Kunal Saraogi of Equityrush advises buying UCO Bank with a target of Rs 43.
Ashu Madan of Religare Securities suggests exiting UCO Bank.
Ashwani Gujral of ashwanigujral.com recommends buying UCO Bank and advises selling Britannia Industries and Bata India.
SP Tulsian, sptulsian.com, shares his views on Glenmark, PSU bank stocks and why he is bearish on NBFC stocks.
Sandeep Wagle of powermywealth.com is of the view that one may sell UCO Bank with a target of Rs 32.
Manoj Murlidharan of Religare Securities is of the view that one can short UCO Bank for target of Rs 32-33.
Ashwani Gujral of ashwanigujral.com recommends buying Indian Overseas Bank, DHFL and Motherson Sumi Systems.
Prakash Gaba of prakashgaba.com recommends buying Axis Bank, Colgate Palmolive and Shriram Transport.
According to Manas Jaiswal of manasjaiswal.com, one may buy HDIL and UCO Bank.