1. OBJECTIVES OF THE STUDY Primary Objective: To do technical analysis of chosen securities Sub-Objectives: a) To study the various theories of technical analysis b) Understand the movement and performance of stocks c) Understanding and analyzing the factors that affect the movement of stock prices in the Indian Stock Markets. Owned By: YUGANTAR

2. METHODOLOGY Exploratory Research Primary Data Questionnaire Secondary Data Yahoo finance Investopedia.com CQL Sample Size 168 Area Of Study Delhi Owned By: YUGANTAR 3. SURVEY FINDINGS 1. Investors prefer to diversify their investment in a portfolio with different investment options. 2. 42 % were having trading experience of 1year- 3years. Investors who were trading for the last 3-7 years were 21%. 3. Investing in stock market yields higher return . 4. Risk perception reveals that investors perceive investment in the stock market to be a riskier affair irrespective of the Bull & Bear market existence. 5. FIIs driving the Indian Equity Market. 6. 40% of respondents prefer to trade intraday, while investors with long term goal investing in stock market were only 26% Owned By: YUGANTAR 4. Owned By: YUGANTAR 5. Owned By: YUGANTAR 6. Owned By: YUGANTAR 7. TECHNICAL ANALYSIS DMA RSI MFI MACD Technical indicator Range Status of stock DMA 15 DMA 50 DMA Uptrend momentum MACD MACD Signal line or MACD above zero line Uptrend momentum RSI 30-70 30-oversold 70-overbought Money flow index 20-80 20-oversold 80- overbought Owned By: YUGANTAR 8. ANALYSIS & FINDINGS Owned By: YUGANTAR 9. Sector Security Banking HDFC, ICICI Metal SAIL, Sterlite Power NTPC, Power Grid Automobile Maruti Suzuki, Tata Motors Owned By: YUGANTAR 10. HDFCBANK 0 500 1000 1500 2000 2500 12 DAY EMA 26 DAY EMA -80 -60 -40 -20 0 20 40 60 80 100 120 MACD MACD MACD above zero line shows bullish trend Owned By: YUGANTAR EXCEL DATA SHEET @Google Drive 11. 0 10 20 30 40 50 60 70 80 RSI 1750 1800 1850 1900 1950 2000 2050 2100 2150 high low close Owned By: YUGANTAR 12. 2088.35 0 1000 2000 3000 5/26/2008 7/26/2008 9/26/2008 11/26/2008 1/26/2009 3/26/2009 5/26/2009 7/26/2009 9/26/2009 11/26/2009 1/26/2010 3/26/2010 5/26/2010 HDFCBANKClose Prices mfi, 79.81563272 0 20 40 60 80 100 120 MFI(14) Owned By: YUGANTAR 13. 0 500 1000 1500 2000 2500 0 500 1000 1500 2000 2500 50 days dma 15 days dma close prises Owned By: YUGANTAR 14. y = 0.726x + 0.054 R = 0.420 -8 -6 -4 -2 0 2 4 6 -8 -6 -4 -2 0 2 4 BETA OF HDFC BANK hdfc daily returns Linear (hdfc daily returns) Beta 0.726 Alpha 0.054 Co-relation coefficient 0.648 Coefficient of determination 0.420 Variance 2.137 Systematic risk 0.897 Unsystematic risk 1.239 TO FINDINGS Owned By: YUGANTAR 15. 890.85 0 200 400 600 800 1000 1200 7/1/2008 9/1/2008 11/1/200 8 1/1/2009 3/1/2009 5/1/2009 7/1/2009 9/1/2009 11/1/200 9 1/1/2010 3/1/2010 5/1/2010 7/1/2010 ICICI BANK close 3.90 -100 0 100 200 300 400 500 600 700 7/1/2008 9/1/2008 11/1/200 8 1/1/2009 3/1/2009 5/1/2009 7/1/2009 9/1/2009 11/1/200 9 1/1/2010 3/1/2010 5/1/2010 7/1/2010 macd ICICIBank Owned By: YUGANTAR EXCEL DATA SHEET @Google Drive 16. Owned By: YUGANTAR 17. 800 810 820 830 840 850 860 870 880 890 900 910 ICICI BANK close 0 10 20 30 40 50 60 70 80 90 rsi rsi Owned By: YUGANTAR 18. 0 200 400 600 800 1000 1200 5/26/2008 7/26/2008 9/26/2008 11/26/2008 1/26/2009 3/26/2009 5/26/2009 7/26/2009 9/26/2009 11/26/2009 1/26/2010 3/26/2010 5/26/2010 ICICI BANK Close 0 10 20 30 40 50 60 70 80 90 100 5/26/2008 7/26/2008 9/26/2008 11/26/2008 1/26/2009 3/26/2009 5/26/2009 7/26/2009 9/26/2009 11/26/2009 1/26/2010 3/26/2010 5/26/2010 money flow index Owned By: YUGANTAR 19. 0 200 400 600 800 1000 1200 8/4/2008 9/4/2008 10/4/2008 11/4/2008 12/4/2008 1/4/2009 2/4/2009 3/4/2009 4/4/2009 5/4/2009 6/4/2009 7/4/2009 8/4/2009 9/4/2009 10/4/2009 11/4/2009 12/4/2009 1/4/2010 2/4/2010 3/4/2010 4/4/2010 5/4/2010 6/4/2010 7/4/2010 15 days dma 50 days dma icici close Owned By: YUGANTAR 20. y = 1.527x - 0.084 R = 0.706 -15 -10 -5 0 5 10 -8 -6 -4 -2 0 2 4 BETA OF ICICI BANK icici daily return Linear (icici daily return) Beta 1.527 Alpha -0.084 Co-relation coefficient .840 Coefficient of determination 0.706 Variance 5.64 Systematic risk 3.987 Unsystematic risk 1.660 TO FINDINGS Owned By: YUGANTAR 21. HDFC BANK ICICI BANK MACD 29.08 3.9 RSI 73.82 59.63 MONEY FLOW INDEX 79.82 55.64 DMA 15 DMA>50DMA 15 DMA 12 day EMA. MACD < 0 Owned By: YUGANTAR EXCEL DATA SHEET @Google Drive 35. 200.3 0 50 100 150 200 250 300 SAIL close prices -20 -15 -10 -5 0 5 10 15 20 macd Owned By: YUGANTAR 36. 59.13324183 0 10 20 30 40 50 60 70 80 90 6/15/2010 6/16/2010 6/17/2010 6/18/2010 6/19/2010 6/20/2010 6/21/2010 6/22/2010 6/23/2010 6/24/2010 6/25/2010 6/26/2010 6/27/2010 6/28/2010 6/29/2010 6/30/2010 7/1/2010 7/2/2010 7/3/2010 7/4/2010 7/5/2010 7/6/2010 7/7/2010 7/8/2010 7/9/2010 7/10/2010 7/11/2010 7/12/2010 7/13/2010 7/14/2010 7/15/2010 RSI RSI Owned By: YUGANTAR 37. 200.3 money flow index, 59.60056741 0 50 100 150 200 250 300 5/26/2008 6/26/2008 7/26/2008 8/26/2008 9/26/2008 10/26/2008 11/26/2008 12/26/2008 1/26/2009 2/26/2009 3/26/2009 4/26/2009 5/26/2009 6/26/2009 7/26/2009 8/26/2009 9/26/2009 10/26/2009 11/26/2009 12/26/2009 1/26/2010 2/26/2010 3/26/2010 4/26/2010 5/26/2010 6/26/2010 Close money flow index MFI is in bull run, as it is above 20 ,the stock is expected to rise further. Owned By: YUGANTAR 38. 0 50 100 150 200 250 300 8/4/2008 9/4/2008 10/4/2008 11/4/2008 12/4/2008 1/4/2009 2/4/2009 3/4/2009 4/4/2009 5/4/2009 6/4/2009 7/4/2009 8/4/2009 9/4/2009 10/4/2009 11/4/2009 12/4/2009 1/4/2010 2/4/2010 3/4/2010 4/4/2010 5/4/2010 6/4/2010 7/4/2010 15 days dma 50 days dma sail close Owned By: YUGANTAR 39. 0 50 100 150 200 250 300 sail close 15 day dma 50 day dma 200 day dma 1 2 Owned By: YUGANTAR 40. y = 1.326x - 0.048 R = 0.501 -10 -8 -6 -4 -2 0 2 4 6 8 10 -8 -6 -4 -2 0 2 4 BETA OF SAIL sail daily return Linear (sail daily return) Beta 1.326 Alpha 0.048 Co-relation coefficient 0.708 Coefficient of determination 0.501 Variance 6.006 Systematic risk 2.99 Unsystematic risk 3.00 TO FINDINGS Owned By: YUGANTAR 41. STERLITE -400 -300 -200 -100 0 100 200 1 26 51 76 101 126 151 176 201 226 251 276 301 326 351 376 401 426 451 476 501 macd 0 200 400 600 800 1000 1200 1400 1600 1800 2000 6/30/2008 8/30/2008 10/30/2008 12/30/2008 3/2/2009 5/2/2009 7/2/2009 9/2/2009 11/2/2009 1/2/2010 3/2/2010 5/2/2010 7/2/2010 Sterlite Industries close Owned By: YUGANTAR EXCEL DATA SHEET @Google Drive 42. 7/15/2010, 48.88624701 0 10 20 30 40 50 60 70 80 90 rsi 0 200 400 600 800 1000 1200 1400 1600 high low close Owned By: YUGANTAR 43. 61.73876358 0 10 20 30 40 50 60 70 80 90 5/26/2008 7/26/2008 9/26/2008 11/26/2008 1/26/2009 3/26/2009 5/26/2009 7/26/2009 9/26/2009 11/26/2009 1/26/2010 3/26/2010 5/26/2010 mfi Owned By: YUGANTAR 44. 0 200 400 600 800 1000 1200 1400 1600 1800 2000 3/17/2009 5/17/2009 7/17/2009 9/17/2009 11/17/2009 1/17/2010 3/17/2010 5/17/2010 15 days dma 50 days dma sterlite close 200 day dma 1 2 Owned By: YUGANTAR 45. y = 0.494x - 2.581 R = 0.000 -700 -600 -500 -400 -300 -200 -100 0 100 -8 -6 -4 -2 0 2 4 BETA OF STERLITE sterlite daily return Linear (sterlite daily return) Beta 0.494 Alpha -2.581 Co-relation coefficient 0.016 Coefficient of determination 0.00 Variance 1607.97 Systematic risk 0 Unsystematic risk 1607.9Owned By: YUGANTAR 46. SAIL STERLITE MACD -0.91 -224.9 RSI 59.13 48.88 MONEY FLOW INDEX 59.6 61.73 DMA 15 DMA < 50 DMA 15 DMA < 50 DMA SCORE 1.5 1 ADVISE BUY BUY Owned By: YUGANTAR 47. MARUTISUZUKI 1394.15 0 200 400 600 800 1000 1200 1400 1600 1800 7/1/2008 9/1/2008 11/1/2008 1/1/2009 3/1/2009 5/1/2009 7/1/2009 9/1/2009 11/1/2009 1/1/2010 3/1/2010 5/1/2010 7/1/2010 MARUTI SUZUKI close 20.88 -80 -60 -40 -20 0 20 40 60 80 100 120 7/1/2008 9/1/2008 11/1/2008 1/1/2009 3/1/2009 5/1/2009 7/1/2009 9/1/2009 11/1/2009 1/1/2010 3/1/2010 5/1/2010 7/1/2010 macd Owned By: YUGANTAR EXCEL DATA SHEET @Google Drive 48. 1394.15 1300 1320 1340 1360 1380 1400 1420 1440 MARUTI SUZUKI close 54.26 0 10 20 30 40 50 60 70 80 90 rsi Owned By: YUGANTAR 49. 1394.15 0 200 400 600 800 1000 1200 1400 1600 1800 5/26/2008 6/26/2008 7/26/2008 8/26/2008 9/26/2008 10/26/2 11/26/2 12/26/2 1/26/2009 2/26/2009 3/26/2009 4/26/2009 5/26/2009 6/26/2009 7/26/2009 8/26/2009 9/26/2009 10/26/2 11/26/2 12/26/2 1/26/2010 2/26/2010 3/26/2010 4/26/2010 5/26/2010 6/26/2010 MARUTI SUZUKI close 63.08 0 10 20 30 40 50 60 70 80 90 100 5/26/2008 6/26/2008 7/26/2008 8/26/2008 9/26/2008 10/26/20 11/26/20 12/26/20 1/26/2009 2/26/2009 3/26/2009 4/26/2009 5/26/2009 6/26/2009 7/26/2009 8/26/2009 9/26/2009 10/26/20 11/26/20 12/26/20 1/26/2010 2/26/2010 3/26/2010 4/26/2010 5/26/2010 6/26/2010 mfi Owned By: YUGANTAR 50. 0 200 400 600 800 1000 1200 1400 1600 1800 3/20/2009 4/20/2009 5/20/2009 6/20/2009 7/20/2009 8/20/2009 9/20/2009 10/20/2009 11/20/2009 12/20/2009 1/20/2010 2/20/2010 3/20/2010 4/20/2010 5/20/2010 6/20/2010 15 days dma 50 day dma maruti close 200 day dma Price crossover Owned By: YUGANTAR 51. y = 0.777x + 0.014 R = 0.248 -8 -6 -4 -2 0 2 4 6 8 -8 -6 -4 -2 0 2 4 BETA OF MARUTI SUZUKI maruti suzuki daily return Linear (maruti suzuki daily return) Beta 0.777 Alpha 0.014 Co-relation coefficient 0.498 Coefficient of determination 0.248 Variance 4.164 Systematic risk 0.103 Unsystematic risk 4.06 TO FINDINGS Owned By: YUGANTAR 52. TATAMOTORS macd, 6.64 -80 -60 -40 -20 0 20 40 60 7/1/2008 9/1/2008 11/1/2008 1/1/2009 3/1/2009 5/1/2009 7/1/2009 9/1/2009 11/1/2009 1/1/2010 3/1/2010 5/1/2010 7/1/2010 macd 810.1 0 100 200 300 400 500 600 700 800 900 1000 7/1/2008 9/1/2008 11/1/2008 1/1/2009 3/1/2009 5/1/2009 7/1/2009 9/1/2009 11/1/2009 1/1/2010 3/1/2010 5/1/2010 7/1/2010 TATA MOTORS close Owned By: YUGANTAR EXCEL DATA SHEET @Google Drive 53. 64.96 0 10 20 30 40 50 60 70 80 90 100 RSI 810.1 720 730 740 750 760 770 780 790 800 810 820 TATA MOTORS close Owned By: YUGANTAR 54. mfi, 54.99345707 0 10 20 30 40 50 60 70 80 90 100 5/26/2008 6/26/2008 7/26/2008 8/26/2008 9/26/2008 10/26/20 11/26/20 12/26/20 1/26/2009 2/26/2009 3/26/2009 4/26/2009 5/26/2009 6/26/2009 7/26/2009 8/26/2009 9/26/2009 10/26/20 11/26/20 12/26/20 1/26/2010 2/26/2010 3/26/2010 4/26/2010 5/26/2010 6/26/2010 787.5 0 100 200 300 400 500 600 700 800 900 1000 5/26/2008 6/26/2008 7/26/2008 8/26/2008 9/26/2008 10/26/2008 11/26/2008 12/26/2008 1/26/2009 2/26/2009 3/26/2009 4/26/2009 5/26/2009 6/26/2009 7/26/2009 8/26/2009 9/26/2009 10/26/2009 11/26/2009 12/26/2009 1/26/2010 2/26/2010 3/26/2010 4/26/2010 5/26/2010 6/26/2010 close Owned By: YUGANTAR 55. 0 100 200 300 400 500 600 700 800 900 1000 3/20/2009 5/20/2009 7/20/2009 9/20/2009 11/20/2009 1/20/2010 3/20/2010 5/20/2010 15 days dma 50 days dma tata motors close 200 day dma Owned By: YUGANTAR 56. y = 1.481x + 0.210 R = 0.434 -10 -5 0 5 10 15 -8 -6 -4 -2 0 2 4 BETA OF TATA MOTORS tata motors daily return Linear (tata motors daily return) Beta 1.481 Alpha 0.210 Co-relation coefficient 0.659 Coefficient of determination 0.434 Variance 8.629 Systematic risk 3.74 Unsystematic risk 4.88 TO FINDINGS Owned By: YUGANTAR 57. MARUTI TATA MOTORS MACD 20.88 6.64 RSI 54.25 64.95 MONEY FLOW INDEX 63.08 54.99 DMA 15 DMA > 50 DMA 15 DMA > 50 DMA SCORE 1.5 2 ADVISE BUY BUY Owned By: YUGANTAR 58. FINDINGS HDFC Bank, MARUTI SUZUKI & NTPC are safe and decent stocks. ICICI Bank is aggressive and riskier stock. SAIL & TATA Motors are aggressive. Power Grid is a less risky stock. Owned By: YUGANTAR 59. RECOMMENDATIONS Buy HDFC for short term. ICICI share prices will decline in future so wait till it dips and buy it when share price decline. NTPC is a good option wait till it shows good signs . Hold position with NTPC Buy Tata Motors Maruti Suzuki. Owned By: YUGANTAR 60. CONCLUSION Defensive stocks are considered safe & provide stable returns. Aggressive stocks have relatively higher variance than market benchmark. Proportion of systematic & unsystematic risk determines the diversification of risk. Technical Reports helps in finding trends and thereby maximizing wealth in bear and bull market. FIIs and large institutional buyers are the driving force for the Indian Stock Market. Riskiness is associated in both bull & bear run. Owned By: YUGANTAR 61. Owned By: YUGANTAR KHANDURI