...ANNEXURE - C “TECHNICAL ANALYSIS OF STOCKS ” This project report in the Special Studies in Finance based on the in-depth study of the project theme is submitted in February, 2014 to the Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE) , B - Road, Churchgate, Mumbai - 400 020, in partial fulfillment of the requirements for the award of the Master’s Degree, Masters in Management Studies (MMS), Submitted By NAME: VAISHALI CHANDRESH GORATELA ROLL NO. : M12020 CLASS: MMS1 BATCH: 2012-2014 Guided By MR. AMIT BOBHATE Date: Place: MUMBAI ANNEXURE – D CERTIFICATE This is to certify that this project report entitled “TECHNICAL ANALYSIS OF STOCKS” is submitted in February, 2014 to Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE) , Mumbai 400020, by Ms. Vaishali Goratela bearing Roll No. M12020, batch (2012 - 2014) in partial fulfillment of the requirements for the award of the Master’s Degree, Masters in Management Studies (MMS). This is a record of her own work carried out under my guidance. She has discussed with me adequately before compiling the above work and I am satisfied with the quality, originality and depth of the work for the above qualification. PLACE: MUMBAI. ________________ DATE: (Signature...
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...AN ANALYTICAL STUDY ON EFFICACY OF ALGORITHM FOR BOTH TRADING AND INVESTING AN ANALYTICAL STUDY ON EFFICACY OF ALGORITHM FOR BOTH TRADING AND INVESTING ABSTRACT INDEX AIM OF STUDY PURPOSE * The main agenda of this study is to test the basic oscillators like RSI and OBV is to identify the behavior of these early indicators in various types of market. The agenda of using moving average lag indicators like Bollinger band is to check how well these bands work in giving out trade signals. * The study aims to find out using Bloomberg terminal that whether combination of studies and Risk management help to enhance the performance of the indicators and do they really help to make a more profitable decision. * This study also intends to use some basic fundamental indicators to identify whether they can be used as tool to invest in securities and how well they are able to perform as compared to a benchmark index. The aim is to use a matrix of indicators, so that it can be also assessed whether combination of basic indicators are good enough to make portfolio creation judgment that can lead to market beating portfolio or not. * All the testing has been done using the Bloomberg terminal. LIMITATIONS * There are many lead, hybrid and lag indicators available in the market however not every single one can be tested. * The testing only targets the NSE that is typically Indian market, hence the results may be non-inferential for international markets...
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...Analyzing and Deciphering: Homer’s Use of Animal Illustration We share this Earth with millions of animals. Some are vicious, some are gentle. We’ve lived with animals around us all of our lives and most people mould consider themselves very familiar with them. This is one of the reasons why animals make such amazing illustrations. Homer uses animals throughout The Iliad, and with good reason. Certain animals can depict certain emotions and behavior that words alone simply cannot. Homer uses animals in every single book in The Iliad. But throughout the epic, the way Homer uses the animals varies quite a bit. Homer used certain animals in The Iliad more than other animals and purposely so. Animals were used as symbols by the gods, but mostly they were similes. But Homer’s use of animals changes all the way up to the very end. Not only does animal illustration help the reader know and understand the plot better, but it also brings the epic to life. To start things off, Zeus uses an eagle as a good omen for Agamemnon. “And Zeus that instant launched about the field the most portentous of all birds, an eagle, pinning in his talons a tender fawn. He dropped it near the beautiful altar of Zeus where the Akhaians made their offerings to Zeus of Omens: and beholding this, knowing the eagle had comedown from Zeus, they flung themselves again upon the Trojans.” (Book 8 Page 183 Lines 280-287) The effect of Zeus sending over “an eagle, pinning in his talons a tender fawn” shows how much...
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...months $71.41 0.0101147 9 months $72.13 0.0100336 12 months $72.86 0.0099555 The lease rate is less than the risk-free interest rate. The forward curve is upward sloping, thus the prices of exercise 6.1. are an example of contango. Question 6.2. The spot price of oil is $32.00 per barrel. With a continuously compounded annual risk-free rate of 2%, we can again calculate the lease rate according to the formula: δl = r − F0,T 1 ln T S0 Time to expiration Forward price Annualized lease rate 3 months $31.37 0.0995355 6 months $30.75 0.0996918 9 months $30.14 0.0998436 12 months $29.54 0.0999906 80 Chapter 6 Commodity Forwards and Futures The lease rate is higher than the risk-free interest rate. The forward curve is downward sloping, thus the prices of exercise 6.2. are an example of backwardation. Question 6.3. The question asks us to find the lease rate such that F0,T = S0 . We take our pricing formula, F0,T = S0 × e(r−δl )×T , and immediately see that the sought equality is established if e(r−δl )×T = 1, which is guaranteed for any T > 0 if and only if r = δ. If the lease rate were 3.5%, the lease rate would be higher than the risk-free interest rate. Therefore, a graph of forward prices would be downward sloping, and thus there would be backwardation. Question 6.4. a) As we need to borrow a pencil to sell it short, we must pay the lender the lease rate for the time we borrow the asset, i.e., until expiration of the contract in one year. After...
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...A Heritage of Smallness by Nick Joaquin Society for the Filipino is a small rowboat: the barangay. Geography for the Filipino is a small locality: the barrio. History for the Filipino is a small vague saying:matanda pa kay mahoma; noong peacetime. Enterprise for the Filipino is a small stall: the sari-sari. Industry and production for the Filipino are the small immediate searchings of each day: isang kahig, isang tuka. And commerce for the Filipino is the smallest degree of retail: the tingi. What most astonishes foreigners in the Philippines is that this is a country, perhaps the only one in the world, where people buy and sell one stick of cigarette, half a head of garlic, a dab of pomade, part of the contents of a can or bottle, one single egg, one single banana. To foreigners used to buying things by the carton or the dozen or pound and in the large economy sizes, the exquisite transactions of Philippine tingis cannot but seem Lilliputian. So much effort by so many for so little. Like all those children risking neck and limb in the traffic to sell one stick of cigarette at a time. Or those grown-up men hunting the sidewalks all day to sell a puppy or a lantern or a pair of socks. The amount of effort they spend seems out of all proportion to the returns. Such folk are, obviously, not enough. Laboriousness just can never be the equal of labor as skill, labor as audacity, labor as enterprise. The Filipino who travels abroad gets to thinking that his is the hardest...
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...Looking Forward: What Will I Accomplish? Tamakio Scott Walden University Dr. Teri Davis EDUC 6990: Capstone: Application in the Early Childhood Field April 24, 2013 Looking Forward: What Will I Accomplish? Elementary students in the third and fifth grade are challenged with passing the Criterion-referenced tests (CRCT) and academic subject in order to be promoted to the next grade. The CRCT measures how well students are grasping information in the subjects of reading, English/language ars, and mathematics (Phillips, Roland, ndero, 2013). As a parent of the Peach County School System curriculum, teachers spend time working with student to build on the skills needed to successful pass the CRCT and academic subjects. Many parents and concerned citizen feel as if not enough time is spent preparing students for the CRCT test. The Peach County Schools Parent Teacher Organization (PTO) group meets once a month to discuss strategies on how to improve students’ academic grade which will lead to passing the CRCT test. The PTO group agrees that students need extra help outside of school. Currently, Peach County School’s does not have the funding to operate an afterschool program. To improve student’s academic grade and CRCT results a free afterschool tutoring program need to be organized. My Challenge Living in a small community where resources are limited for a tutoring program for the school-age children. All students deserve the opportunity to learn...
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...SYMBIOSIS SCHOOL OF BANKING MANAGEMENT Constituent of symbiosis International University Accredited by NAAC with ‘A’ Grade Established under Section 3 of the UGC Act, 1956, vide notification No: F.9.12/2001-U-3of the Government of India. IMPORTANCE OF TECHNICAL ANALYSIS IN DETERMINING MOVEMENT OF PRICE IN EQUITY STOCK MARKET Internship Report submitted to SIU in partial completion of the requirement of MBA Banking Management at Symbiosis School of Banking Management Pune-412115. NAME OF THE STUDENT: PROJECT MENTOR (SSBM) PROJECT MENTOR / PRN: REPORTING OFFICER (AT THE BANK) ABHISHEK AGRAWAL DR. BINDYA KOHLI AMOL ATHAWALE PRN: 12020941031 APRIL 08 2013 TO MAY 25 2013 ACKNOWLEDGEMENT I sincerely and religiously devote this Research Paper to all the gem of persons who have openly or silently left an ineradicable mark on this research so that they may be brought into consideration and given their share of credit, which they genuinely and outstandingly deserve. This expedition of research...
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...THE PIT AND THE PENDULUM BY EDGAR ALLAN POE 7^WYS`f7Taa]e f7 COPYRIGHT INFORMATION Short Story: “The Pit and the Pendulum” Author: Edgar Allan Poe, 1809–49 First published: 1843 The original short story is in the public domain in the United States and in most, if not all, other countries as well. Readers outside the United States should check their own countries’ copyright laws to be certain they can legally download this e-story. The Online Books Page has an FAQ which gives a summary of copyright durations for many other countries, as well as links to more official sources. This PDF ebook was created by José Menéndez. Impia tortorum longas hic turba furores Sanguinis innocui, non satiata, aluit. Sospite nunc patria, fracto nunc funeris antro, Mors ubi dira fuit vita salusque patent. [Quatrain composed for the gates of a market to be erected upon the site of the Jacobin Club House at Paris.] I WAS sick—sick unto death with that long agony; and when they at length unbound me, and I was permitted to sit, I felt that my senses were leaving me. The sentence—the dread sentence of death—was the last of distinct accentuation which reached my ears. After that, the sound of the inquisitorial voices seemed merged in one dreamy indeterminate hum. It conveyed to my soul the idea of revolution—perhaps from its association in fancy with the burr of a mill-wheel. This only for a brief period, for presently I heard no more. Yet, for a while, I saw—but with how terrible...
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...Chapter 6 Commodity Forwards and Futures Question 6.1 The spot price of a widget is $70.00. With a continuously compounded annual risk-free rate of 5%, we can calculate the annualized lease rates according to the formula: F0,T = S0 × e( r −δl )×T ⇔ F0,T S0 = e( r −δl )×T ⇔ ⎛F ln ⎜ 0,T ⎝ S0 ⎞ ⎟ = ( r − δ l) × T ⎠ ⇔ δl = r − 1 ⎛ F0,T ⎞ ln ⎜ ⎟ T ⎝ S0 ⎠ Time to expiration Forward price Annualized lease rate 3 months $70.70 0.0101987 6 months $71.41 0.0101147 9 months $72.13 0.0100336 12 months $72.86 0.0099555 The lease rate is less than the risk-free interest rate. The forward curve is upward sloping, thus the prices of exercise 6.1 are an example of contango. Question 6.2 The spot price of oil is $32.00 per barrel. With a continuously compounded annual risk-free rate of 2%, we can again calculate the lease rate according to the formula: δl = r − 1 ⎛ F0,T ⎞ ln ⎜ ⎟ T ⎝ S0 ⎠ 83 ©2013 Pearson Education, Inc. Publishing as Prentice Hall 84 Part Two/Forwards, Futures, and Swaps Time to expiration Forward price Annualized lease rate 3 months $31.37 0.0995355 6 months $30.75 0.0996918 9 months $30.14 0.0998436 12 months $29.54 0.0999906 The lease rate is higher than the risk-free interest rate. The forward curve is downward sloping, thus the prices of exercise 6.2 are an example of backwardation. Question 6.3 The question asks us to find the...
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...Composite volcanoes, also called strato volcanoes, are formed by alternating layers of lava and rock fragments. This is the reason they are called composite. Strato-volcanoes often form impressive, snow-capped peaks which are often exceeding 2500m in height, 1000sq.km in surface, and 400km3 in volume. Between eruptions they are often so quiet they seem extinct. To witness the start of a great eruption requires luck or very careful surveillance. Composite volcanoes usually erupt in an explosive way. This is usually caused by viscous magma. When very viscous magma rises to the surface, it usually clogs the craterpipe, and gas in the craterpipe gets locked up. Therefore, the pressure will increase resulting in an explosive eruption. Although strato-volcanoes are usually large and conical, we can distinguish different shapes of them: concave (like Agua), pyramidal (like Stromboli), convex-concave (like Vesuvius), helmet-shaped (like Mount Rainier), collapse caldera (like Graciosa), nested (like El Piton in Teide), multiple summits (like Shasta), elongated along a fissure (like Hekla). Strato-volcanoes are constructed along subduction zones. Examples of composite volcanoes include Mount Hood, Mount Rainier, Mount Shield volcanoes are huge in size. They are built by many layers of runny lava flows. Lava spills out of a central vent or group of vents. A broad shaped, gently sloping cone is formed. This is caused by the very fluid, basaltic lava which can't be piled...
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...Best Buy enters India by Francisco Polo Professor Hamid Assar International Finance – FIN535 May 22, 2012 Summary Best Buy Co., Inc. is an American specialty retailer of consumer electronics in the United States, accounting for 19% of the market. It also operates in Puerto Rico, Mexico, Canada and China. The company's subsidiaries include Geek Squad, CinemaNow, Magnolia Audio Video, Pacific Sales, and, in Canada operates under both the Best Buy and Future Shop label. Together these operate more than 1,150 stores domestically and internationally. In addition, the company operates over 100 Best Buy Express Automated Retail stores or "ZoomShops", operated by Zoom Systems, in airports and malls around the U.S. The company is headquartered in Richfield, Minnesota, United States. On March 9, 2009, Best Buy became the largest electronics retail store (online and bricks and mortar) in the eastern United States, after smaller rival Circuit City went out of business. Fry's Electronics remains a major competitor in the western United States, while Hhgregg remains competitive in the eastern United States. Many locations feature in-store pickup, which can be arranged through the company's website. As of December 28, 2008, the company operated 1,010 Best Buy Stores, 13 Magnolia Audio Video Stores (specializing in high-end electronics), 7 stand-alone Geek Squad stores, 3 Audio Visions Stores, 13 Best Buy Mobile Stores (standalone) and...
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...Examiners’ commentaries 2013 Examiners’ commentaries 2013 EC1002 Introduction to economics Important note This commentary reflects the examination and assessment arrangements for this course in the academic year 2012–13. In 2014 the examination will be conducted in two parts. The rubric for Part I will read as follows: This is Part I of the examination which consists of Multiple Choice Questions. You have 90 minutes and you should attempt to answer ALL the questions. Each question has four possible answers (a–d). There is only one correct answer to each of the questions. Please mark the correct answer on the special sheet provided. The maximum mark for this part is 50. The rubric for Part II will read as follows: This is Part II of the examination. Please answer ONE question from Section A and ONE question from Section B. Part II is worth 50% of the mark and each of the questions in Sections A and B is worth 25%. The format and structure of the examination may change again in future years, and any such changes will be publicised on the virtual learning environment (VLE). Information about the subject guide Unless otherwise stated, all cross-references will be to the latest version of the subject guide (2011). You should always attempt to use the most recent edition of any Essential reading textbook, even if the commentary and/or online reading list and/or subject guide refers to an earlier edition. If different editions of Essential reading are listed,...
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...Intellectual Property 12/05/12 Music Piracy in the US Counterfeit, piracy, bootleg, or stealing, these are some of the many terms associated with the unauthorized dissemination and distribution of copyrighted music. For over five decades, the music industry in the United States has had to grapple with the effects of such activity. The Copyright Act of 1909 was the first granting exclusive rights to copyrighted music. The Berne Convention for the Protection of Literary and Artistic Works was created in 1886 and governs international copyrights. As technology evolved, the music industry was altered in profound ways. Globalization has created a smaller world where information and goods are shared at a pace faster than ever before. With this vast advancement in technology, the way society accesses and purchases music has created a whirlwind of problems for the music industry. New innovations have pitted a war between the new generation and the music industry; each blaming the other for the ills created. There have been many debates in the legal arena as to just what is “legal” when it comes to modern digitalized music. Where are the lines drawn? Can there be compromise, or must the music industry engage in a complete overhaul and settle for fewer profits? The answer is as varied as the very music that is at the center of debate. If one were to look back at the history of music players, we would end in 1877. It was that year that Thomas Edison first invented the Phonograph...
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...which our planet is divided. The source of virtually all past emissions i.e. the developed world has a greater responsibility to take steps to reduce their carbon emissions substantially and help in stabilizing the environment which they disturbed to a large extent. This is the reason why they are subjected to binding targets of reducing their emissions by a set amount in all international agreements. However, the developing world is gearing towards development at a very fast pace and all development and industrialization pre-supposes the need of higher emissions. Due to this, the emission levels of this part of the world are bound to increase even more rapidly. Mitigating climate change in developing countries poses a fundamental challenge. For developing nations as a whole, reduction in emissions is not a viable option specifically in the short term. With per capita incomes far below those of developed countries—and per capita emissions almost one-sixth those of the industrialized world—developing countries will carry on stepping up their emissions as they strive to achieve high levels of economic growth and a better quality of life for its citizens. This paper...
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...Secular Stagnation: Facts, Causes and Cures Edited by Coen Teulings and Richard Baldwin CEPR Press a A VoxEU.org Book Secular Stagnation: Facts, Causes, and Cures A VoxEU.org eBook Centre for Economic Policy Research (CEPR) Centre for Economic Policy Research 3rd Floor 77 Bastwick Street London, EC1V 3PZ UK Tel: +44 (0)20 7183 8801 Email: cepr@cepr.org Web: www.cepr.org ISBN: 978-1-907142-77-2 © CEPR Press, 2014 Secular Stagnation: Facts, Causes, and Cures A VoxEU.org eBook edited by Coen Teulings and Richard Baldwin CEPR Press abcde Centre for Economic Policy Research (CEPR) The Centre for Economic Policy Research (CEPR) is a network of almost 900 research economists based mostly in European universities. The Centre’s goal is twofold: to promote world-class research, and to get the policy-relevant results into the hands of key decision-makers. CEPR’s guiding principle is ‘Research excellence with policy relevance’. A registered charity since it was founded in 1983, CEPR is independent of all public and private interest groups. It takes no institutional stand on economic policy matters and its core funding comes from its Institutional Members and sales of publications. Because it draws on such a large network of researchers, its output reflects a broad spectrum of individual viewpoints as well as perspectives drawn from civil society. CEPR research may include views on policy, but the Executive Committee of the Centre does not give prior...
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