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
Most analysts agree to one thing that it is a sell on rise kind of market as Nifty witnesses supply pressure whenever it comes closer to 10,600 levels.
At this juncture, the Nifty is broadly trading in a range of 10,600 – 10,640 on the higher side; whereas, the lower band is pegged near 10,300 - 10,275. And, either way, breakout or breakdown will dictate the near-term direction of the index," says Aditya Agarwal of Way2Wealth Brokers Pvt. Ltd.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Motherson Sumi with a target of Rs 343.80.
Mitessh Thakkar of miteshthacker.com recommends selling Bosch with a stop loss of Rs 18,900 and target of Rs 18,200, Shree Cements with a stop loss of Rs 16,850 and target of Rs 16,000 and Zee Entertainment with a stop loss of Rs 576 for target of Rs 545.
The index has some stiff resistance at 10615, where 20 and 50-days moving averages are seen. Thus, the index may see some profit booking above 10600, after a bounce back.
Mitessh Thakkar of miteshthacker.com recommends buying Bharat Electronics with a stop loss of Rs 151.50 for target of Rs 164, Can Fin Homes with a stop loss of Rs 528 for target of Rs 560 and Godrej Consumer Products with a stop loss of Rs 1063 and target of Rs 1095.
Sandeep Wagle of powermywealth.com is of the view that one can buy Titan Company and can sell Voltas.
Vijay Chopra of enochventures.com is of the view that one may sell Bharat Forge with a target of Rs 750.
Vijay Chopra of enochventures.com is of the view that one may buy Jet Airways with a target of Rs 835.
Ruchit Jain of Angel Broking is of the view that one may buy Nava Bharat Ventures with a target of Rs 158.
Rajat Bose of rajatkbose.com is of the view that one can buy Voltas and can sell Grasim Industries and Adani Ports.
According to Amit Gupta of ICICIdirect, one can buy Axis Bank, SBI, V-Guard Industries, UPL and Adani Ports.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Wipro.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Reliance Industries and Raymond and can sell Jet Airways.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Ports and sell Maruti Suzuki and Voltas.
According to Sudarshan Sukhani of s2analytics.com, one may buy Tata Chemicals, Tech Mahindra, Gail, Zee Entertainment and Voltas.
Sudarshan Sukhani of s2analytics.com advises buying Biocon, Havells and Maruti Suzuki.
Ashwani Gujral of ashwanigujral.com advises buying Aurobindo Pharma, Voltas and Sun Pharmaceutical Advanced Research Company.
Mitessh Thakkar of mitesshthakkar.com recommends buying Steel Authority of India with a stop loss of Rs 81.50 and target of Rs 87, ICICI Prudential Life Insurance above Rs 398, with stop loss of Rs 391 and target of Rs 414 and a buy also on Idea Cellular with a stop loss of Rs 96 for target of Rs 103.
It expects 25% YoY profit growth for Voltas in Q3FY18. Any near-term stock price weakness should be a buying opportunity, the report added.
Rajat Bose of rajatkbose.com is of the view that one may buy Lupin, Vedanta and Voltas.
According to Sudarshan Sukhani of s2analytics.com, one may buy ITC, Engineers India, Escorts, HUL, Voltas and Tata Elxsi.
According to Ashwani Gujral of ashwanigujral.com, one may buy Voltas, Bata India and Century Textiles.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage with a stop loss of Rs 278, target of Rs 294, DLF with a stop loss of Rs 235, target of Rs 242 and a buy also on KEC International with a stop loss of Rs 338, target of Rs 360.
Ashwani Gujral of ashwanigujral.com suggests buying HDFC Bank, Voltas, UPL, GAIL India, Can Fin Homes and Bharti Airtel.