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
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Infratel with a stop loss of Rs 293, target of Rs 307, NIIT Tech with a stop loss of Rs 1295, target of Rs 1340 and Mindtree with a stop loss of Rs 897, target of Rs 920.
It is trading below the resistance zone of multiple moving averages on the daily chart and likely to see a breakdown from the same in near future.
We expect the Nifty to hover within 10,600-10,950 range in the coming week, says Jayant Manglik of Religare Broking.
Volatility is likely to increase further as we approach Interim Budget, suggest experts and investors should be prepared for sudden movements on either side
Sudarshan Sukhani of s2analytics.com recommends buying HDFC Bank with stop loss at Rs 2100 and target of Rs 2140, Reliance Industries with stop loss at Rs 1115 and target of Rs 1150 and LIC Housing Finance with stop loss at Rs 480 and target of Rs 495.
Harendra Kumar of Elara Capital said given the overall robustness in earnings recovery, 2019 could well be a year of midcaps and smallcaps.
Mayuresh Joshi of Angel Broking said the year 2019 will largely be a year of stock-specific stories.
We advise going long for an immediate target of Rs 630 and for this strategy, with the exit placed below Rs 561, says Sameet Chavan of Angel Broking.
Prakash Gaba of prakashgaba.com recommends buying Berger Paints with target at Rs 330 and stop loss at Rs 316, Federal Bank with target at Rs 95 and stop loss at Rs 88 and GAIL India with target at Rs 360 and stop loss at Rs 344.
we recommend traders to go short in this counter at the current level of Rs 537 with a downside price target of Rs 480. A stop loss should be placed above Rs 570 on a closing basis, says Aditya Agarwal of Way2Wealth Brokers.
The stock can be bought at the current level and on dips to Rs 550 with a stop loss below Rs 535 for a target of Rs 650, says Ashish Chaturmohta of Sanctum Wealth Management.
Further rise in VIX is likely cap the gains in markets and trade in a range. VIX needs to move lower for market to move higher, says Ashish Chaturmohta of Sanctum Wealth Management.
Rajesh Agarwal of AUM Capital recommends buying Voltas with stop loss at Rs 523 and target of Rs 560, RBL Bank with stop loss at Rs 544 and target of Rs 562 and Strides Pharma Science with stop loss at Rs 462 and target of Rs 495.
Ashwani Gujral of ashwanigujral.com suggests buying Motherson Sumi Systems with a stop loss of Rs 168, target of Rs 180, Voltas with a stop loss of Rs 536, target of Rs 560 and Kotak Mahindra Bank with a stop loss of Rs 1120, target of Rs 1165.
Hindalco, Maruti Suzuki and ICICI Bank are among the big Nifty names that Motilal Oswal is placing its bet on, this Diwali.
Sudarshan Sukhani of s2analytics.com suggests buying Bata India with stop loss at Rs 860 and target of Rs 920, Dabur India with stop loss at Rs 400 and target of Rs 420 and Voltas with stop loss at Rs 520 and target of Rs 544.
A breakdown of lower band of 10,200 may trigger a selling pressure which may take the index towards 9,900.
Traders can sell the stock future at current level and can also add short positions on some technical bounce around Rs 486-490 with a stop loss above Rs 498, says Abhishek Mondal of Guiness Securities.
Immediate support is seen around 10,000 levels whereas 10,500 will act as a strong hurdle in the October expiry, says Abhishek Mondal of Guiness Securities
India VIX closed at 20.15 levels - a 30-month high for the index. Thus, volatility in the market is likely to continue.
The government raised basic customs duties across air conditioners, refrigerators, washing machines (
Rajesh Agarwal of AUM Capital recommends buying Infibeam Avenues with stop loss at Rs 208 and target of Rs 230, Torrent Power with stop loss at Rs 223 and target of Rs 239 and JB Chemicals with stop loss at Rs 295 and target of Rs 315.
Export-oriented companies in IT, pharma & other sectors are seeing more investor interests; due to positive factors like favorable rupee, buy backs & reasonable valuations.
The Nifty has immediate support at 11,580 levels, holding above it, expect rally to continue towards 11,845 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Strong earnings have helped D-Street to skyrocket to fresh record highs in the last two months and stocks which rose in anticipation of good earnings in the small & midcap space delivered over 100 percent net profit growth.