1

1.1

PROJECT

An important recent development has been the entry of

Foreign Institutional Investors as participants in the primary and secondary
markets for industrial securities. In the past several years, investments in
developing countries have increased remarkably.. The liberalization policy of
the Government of India has now started yielding results and the country is
poised for a big leap in the industrial and economic growth. The Economy of
the country is mainly based on the development of the corporate sectors.
Funds may be raised through securities market for financing corporate
growth.
Generally, the security prices reflect the performance of a
company. Both economic and non-economic factors invariably affect stock return
behavior. As Cootner (1964) says that the prices of securities are typically very
sensitive, responsive to all events, both real and imagined. Again a major factor
responsible for stock return fluctuations is speculative purchase and sale by
foreign institutional investors. In the present project, it is attempted to test the
equity price movements taking pharmaceuticals and Banking as a sample sector.
Simple moving average is used to find the price movements
of particular scrip and money flow index and relative strength index is used to
know the strength and weakness of shares and also money flowing in these
selected companies. This one guides investors to take correct investment decision.

1.2 INDUSTRY PROFILE

1.2.1 STOCK EXCHANGE

The stock exchange or the secondary market is a highly
organized market for the purchase and sale of second hand quoted of listed
securities. The securities contract

(regulation) Act 1956 defines a stock

exchange as a association, organization established for the purpose of

assisting , regulating and controlling business in buying, selling and dealing
with securities.
1.2.2 The role of stock exchanges
Raising capital for business
The stock exchange provides companies with
facilities to raise capital for expansion through selling shares to the
investing public.
Moblizing saving for investment
When people draw their savings and invest in
shares it lead to more rational allocation of resources because funds which could
have been consumed or kept in the idle deposits with banks are moblized an d
redirected to promote business activity, resulting in stronger economic growth

Profit sharing
Both casual and professional investors through

divedends and stock prices increases that may result in capital gain
will share in the wealth of profitable business.

Creating opportunity for small investors

As ooposed to huge to other businesses that

require huge capital outlay, investing in shares in open to both the
large and small investors because a person buys the number of shares
they can afford. Therefore the stock exchange provides the
opportinity for small investors to own shares of the same companies
as large investors.

Barometer of the economy

At the stock exchange share prices rise and fall

depending largely on market forces.share price tend to rise or remain

stable when companies and the economy in general show sign
ofstability and growth.
1.2.3 BSE( BOMBAY STOCK EXCHANGE)
Bombay stock exchange is the oldest stock exchange in asia which
is popularly known as the BSE was established as The Native share & Stock
Brokers Association in 1875.
Over the past 135 years Bse facilated the growth of indian
corpoarte sector by providing it with an efficient capital raising platform.
Today BSE is the worlds number 1 exchange in the world in terms
of the number of listed companies(4900). It is the worlds 5th most active in terms
of number of transactions handled through its electronic trading system.
1.2.4 BSE CONTINUES TO INNOVATE
Become the first national exchange to launch its website in
gujarati and hindi and now marathi
BSE now offers AMFI certification for Mutual Fund
Advisors through BSE training institute
BSE also successfully launched the BSE IPO index and
PSU website

Launched BSE SENSEX MOBILE STREAMER

1.2.5 NSE
In the year 1991 pherwani committee recommended to
establish NSE in

india . in 1992 the government of india authorized IDBI for

establishing this exchange

It is the largest stock exchange in india in terms of daily
turnover and number of trades, for both equities and derivatives trading. NSE has
a market capitalization of around of rs 47,01,923 crores ( 7th august 2009) . though
number of other exchanges exist, NSE and BSE are the two most siginificant
exchanges in india. NSE KEY index is the S&P CNX NIFTY, known as NIFTY ,
an index of index of fifty major stocks weighted by market capitalisation.
Trading on NSE is characterized by four key innovations.

The physical floor was replaced by anonymous, computerized ordermatching with strict prime-time priority.

The limitations of being on Mumbai and the limitations of Indias Public

telecom network were avoided by using satellite communications. Now
NSE has a network of over 2000 satellite terminals all over the country.
On a typical day almost over 3500 traders login to the trading computer
over this network. This is larger than the capacity of the largest trading
floors in the world.

NSE is not owned by brokers. It is a limited liability company and brokers

or franchisees. Therefore NSEs staff is free of pressures from brokers and
is able to perform its regulatory and enforcement functions more
effectively.

Traditional practices of unreliable fortnightly settlement cycle with escape

clause of badla were replaced by a strict weekly settlement cycle without
badla.

1.3 COMPANY PROFILE

1.3.1 ANGEL BROKING LTD
Angel Broking's tryst with excellence in customer relations
began in 1987. Today, Angel Broking has emerged as one of the most respected
Stock-Broking and Wealth Management Companies in India. With its unique
retail-focused stock trading business model, Angel is committed to providing
Real Value for Money to all its clients. The Angel Group is a member of the
Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and the two
leading Commodity Exchanges in the country: NCDEX & MCX. Angel is also
registered as a Depository Participant with CDSL.
1.3.2 Our Business

Equity Trading

Commodities

Portfolio Management Services

Mutual Funds

Life Insurance

Personal Loans

IPO

Depository Services

Investment Advisor

1.3.3 Angel Group

Angel Broking Ltd.

Angel Commodities Broking Ltd.

Angel Securities Ltd.

Our Vision
To provide best value for money to investors through
innovative products, trading/investments strategies, state of the art technology and
personalized service.
Our motto
To have complete harmony between quality-in-process
and continuous improvement to deliver exceptional service that will delight our
customer and clients.
Business philosophy
Ethical practices & transparency in all our dealings
Customers interest above our own
Always deliver what we promise
Effective cost management
Our quality assurance policy
We are committed to providing world- class products
and services which exceed

the expectations of our customers achieved by

teamwork and a process of continuous Improvement.

1.3.4 SERVICES:
Equity
Investing in shares or stock market is inarguably the
best route to long-term wealth accumulation. However, it can also be a very risky
proposition due to high

risk-return trade-off prevalent in the stock market.

Hence, it is more appropriate to take help of an experienced and trustworthy

expert who will guide you as to when, where and how to invest.

Angel provides guidance in the exciting world of stock

market with suitable trading solutions and value-added tools and services to
enhance your trading experience.
Online Trading

Three different online products tailored for traders & investors

Customized single screen Market Watch for multiple exchanges

Real-time rates

Flash news & intra-day calls

Intra-day & historical charts with technical tools

Online research

E-broking & back-office software training

Advisory

Real-time market information with News updates

Investment Advisory services

Dedicated Relationship Managers

Portfolio Management Services

Support

24x7 Web-enabled Back Office

Centralized Help Desk & Live Chat support system

Derivative
The derivative segment is a highly lucrative market that
gives investors an opportunity to earn superlative profits (or losses) by paying a

nominal amount of margin. Over past few years, Future & Options segment has
emerged as a popular medium for trading in financial markets. Future contracts
are available on Equities, Indices, Currency and Commodities.
Commodity
Commodities Derivative market has emerged as a new avenue
for investors to create wealth. Today, Commodities have evolved as the next best
option after stocks and bonds for diversifying the portfolio. Based on the
fundamentals of demand and supply, Commodities form a separate asset class
offering investors, arbitrageurs and speculators immense potential to earn returns.
Angel aims to harness the immense potential of the Commodities market by
providing you a simple yet effective interface, research and knowledge.
1.3.5 The Angel Advantage

Pan India presence

Online and offline transaction facility

Schemes from all major fund houses

Latest MF News and Fund Manager views

Latest New Fund Offers (NFO)

Information and tools to help you select the right scheme

Dedicated Customer Help desk

24x7 Web-enabled Client Back Office

1.3.6 Milestones
1997 , Angel Broking Ltd incorporated as a Wealth Management,Retail
And corporate broking firm.
1998

Angel Capital and Debt Market ltd incorporated as a member of

NSE
2002

Angel Broking successfully conducts its first Investor awareness.

2002

Angel Broking develops web enabled back office software to

maximize its operational efficiency.

2003

Angel Broking publishes its first research report.

2004

Angel Broking expands its basket of service by establishing the

Commodity Broking Divison.

2004

Angel Broking launches online trading platform facilitating easy &

hassle- free trading for its customers

2005

Angel Broking wins the prestigious Major Volume Driver Award

By BSE for 2004- 2005.

2006

Angel Broking Portfolio Management Services(pms)

10

1.4 INTRODUCTION TO SECTOR

1.4.1 PHARMACEUTICAL SECTOR
The Indian Pharmaceutical Sector has an
estimated market value of about us 8 billion dollar. Its at 4th rank in terms of total
pharmeceutical productions and 13th in term of value.it is growing at the average
rate of 7.2% and expected to grow to US $ 12 billion by 2010.
1.4.2 BANKING SECTOR
The Indian banking system is financially stable and resilient
to the shocks that may arise due to higher non-performing assets (NPAs) and the
global economic crisis, according to a stress test done by the Reserve Bank of
India (RBI).
Major Developments
The State Bank of India (SBI) has posted a net profit of US$ 1.56
billion for the nine months ended December 2009, up 14.43 per cent
from US$ 175.4 million posted in the nine months ended December
2008.
The SBI is adding 23 new branches abroad bringing its foreignbranch network number to 160 by March 2010. This will cement its
leading position as the bank with the largest global presence among
local peers.
Amongst the private banks, Axis Bank's net profit surged by 32 per
cent to US$ 115.4 million on 21.2 per cent rise in total income to
US$ 852.16 million in the second quarter of 2009-10, over the
corresponding period last year.

11

1.5 OBJECTIVE OF THE STUDY

PRIMARY OBJECTIVES
To analyse the stock price behaviour of the selective
company scripts in the pharmaceutical sector
To measure strength of money flows

in the above

selected companies
SECONDARY OBJECTIVES
To study the price movements in the stock market
To find the Strength and Weakness of a Particular
Scrip
To recapitualte the key findings and offer
suggestion to investors
1.6 SCOPE OF THE STUDY
A better understanding of the stock market trend
will facilitate allocation of finanacial resources to the most profitable investment
opportunity. The study on fluctuation in equity market helps in understanding the
behaviour of equity market.
The simple moving average indicates the buy and
sell signal to investors. This helps investors in taking good decision when
investing in equity shares
This study also helps the investors to ascertain the
risk. Also the money flow index helps the people to know about the money in and
out of a security. When the money flow is higher it is recommended to buy and if
the money flow is low it can be sold.

12

1.7 LIMITATIONS OF THE STUDY

We cannot predict the price accurately

whether the price is moving up or down . we can

predict the price based on the assumptions

There is no guarantee that what has worked

for past year may continue to work in future.

The study is confined to 1 year and hence the

changes taken place before and after have not

taken into consideration

The study is confined only to three months in

case of money flow index and relative strength

index

13

1.8 REVIEW OF LITERATURE

D. Sarkar studies the share price behavior using the time
series data. He found that the retained earnings had on effect share price while the
influence of dividend was very much significant.
Prof. Leopold A. Bernstein (1975) in his article had
defended the function and value of fundamental investment analysis as the basis
of successful investment in equity shares. He had argued that even though
psychological and other factors accounted 50% of price changes the other 50% of
it was only due to fundamental factors.
Balasubramaniam. K. (1994) examined the behavior of
stock returns in India. He took the daily and weekly prices of 90 shares listed in
BSE. He applied auto correlation analysis; runs test and filter techniques for the
study. He concluded that share price behavior is not random and hence random
walk hypothesis cannot be established for
Karen Beynon and Andrew Porter examined the
pharmaceutical sector offers some of the most exciting financial and business
opportunities. The Indian pharmaceutical sector is witnessing the tremendous
growth with the contract research . the countrys pharmaceutical market is a US$
7.3 billion opportunity with a domestic retail market expected to cross US$ 12-13
billion in 2013.
Chan and Chen (1991) examined the difference in
structural characteristics that lead firms of different size to react differently to the
same economic news. By using time series analysis they found that return

14

difference between small and large firms could be captured by the responses of
high leverage firms and marginal firms to economic views
Neeley(1998) reconciles the fact that using technical
trading rules to trade against US intervention in foreign exchange market can be
profitable, yet long term intervention tends to be profitable
With softer monitary policies and consequent reduction
in bank lending rates and benchmark G-securities, action would shift from core
income to treasury and asset quality said by Amitabh Chakraborty,
president( Equities), Religare Securities.
According to the Analysts, any Fresh buy on these
bank stocks can attract a return of 15-20% in a year . Mean while, market slow
down does not seem to have played any spoil spot for banks financial
performance.
Lomamaysky and Wang (2000) examines the
effectiveness of technical analysis on US stocks from 1962 to 1996 and finds that
over the 31 year sample period value. Several technical Indicators do provide
Investment Information and may some practical value.

15

2. RESEARCH METHODOLOGY
Research methodology is the primary and basic aspect of any
kind of project report. In this part we have to consider the method of data
collection, tools and techniques which are going to applied in analysis and
interpretation .
2.1 RESEARCH DESIGN
This project analyses the equity market and fluctuations in
India. It measures the risk involved in investing in Stock . Moving average is
applied for selected companies which would give the investors a sell or buy
signal. Money flow index is applied to know the strength of money flowing in and
out of the security.
2.2 SOURCES OF DATA

Data may be classified as two types. There are primary

data and secondary data.
1. Primary data means the data collection for first hand
2. Secondary data which is already collection for same
or other uses.
For this study secondary data is collected. Print media and
internet is used for data collection. The data was obtained from the national stock
exchange website. For this purpose daily closing price of 10 companies included
in the NSE were taken and their price movements are computed and studied. The
companies I have chosen are

16

PHARMACEUTICAL SECTOR
Cipla
Ranbaxy
Sun pharma
Glen mark
Auro pharma
BANKING SECTOR
SBI
Yes Bank
IOB
Dena Bank
Axis Bank
2.3

METHOD OF SAMPLING
Since the purpose of analysis three sectors are

taken . and from the two sectors. Five companies are selected in each sector.
Therefore sampling used is judgment sampling . In this method item of sampling
are selected on certain predetermined criteria..
2.4 TIME PERIOD COVERED
The Time Period of the study is one year.from May
2009 Apr 2010
2.5 TOOLS APPLIED
In this study technical tools applied are
1. Simple Moving Average

17

2. Money Flow Index

3. Relative Strength

TECHNICAL ANAYSIS
Technical anaysis refers to study on stock market itself
rather than external factors which are reflected in the market . it involves the
volume and the price traded in the market.
TOOLS USED
1. SIMPLE MOVING AVERAGE
In technical average moving average is one of the
key trend lines that are plotted on chart reflecting the closing price over
weeks.when the moving average moves above or below the daily chart it may
generate buy or sell signal.
We can interpret a moving average by comparing
the relationship between the moving average of securits price with its securits
price itself.
BUY SIGNAL: When the securitys price rises above its moving average
SELL SIGNAL: When the securitys price falls below its moving average

2. MONEY FLOW INDEX

Money flow index measures the strength of
money flowing in and out of the stock. It is the indicator that measures the
strength of money flowing in and out of the security. The formula for
calculating MFI IS
AVERAGE PRICE OF THE DAY= Days high + Days low + Close

18

------------------------------------3
Money Flow = Avg price x Days volume
If the price was up in the particular day it is Positive Money
Flow and it can be concluded that the stock position is good during the particular
day and this the signal to buy the stock and on the other hand if the the price was
low in the particular day it can be concluded that the stock position in not
satisfactory and this the signal to sell the particular stock
3. RELATIVE STRENGTH INDEX(RSI)
RSI was developed by Wells Wider. RSI is
used to find the inherent technical strength and weakness of particular Scrip.
RSI can be calculated for a scrip by adopting the following formula.
RSI = 100 {100 }
{ ------ }
{ 1+ RS}
RS = Average Gain per day
---------------------------Average loss per day
The broad rule is if the RSI crosses seventy
there may be a down turn and it is time to pick up the scrip. If the RSI falls
below thirty it is time to pick up scrip.

19

3. DATA ANALYSIS AND INTERPRETATION

The data analysis and interpretation has shown below with the use of technical
tools such as moving Average , money flow index.
3.1.1

MOVING AVERAGE OF CIPLA

MONTH

AVG

CLOSING MOVING
AVERAGE

May 09

PRICE
227.035

June 09

247.90

244.195

July 09

257.65

258.886

Aug 09

271.11

260.636

Sept 09

253.15

271.136

Oct 09

289.15

283.07

Nov 09

306.91

308.20

Dec 09

328.56

323.89

Jan 10

336.22

326.49

Feb 10

314.70

326.13

March 10

327.47

325.725

April 10

335.005
Sensex on Nov 30th 2009 16926.22

20

3.2.1 Fig Shows Moving Average of Cipla

INTERPRETATION
The average closing price as on April 30th is 335 which is
more than moving average which indicates the security price is trending up. It
shows the buy signal for the investors.

3.1.2

Money flow index of Cipla

Date

High

Low

Close

01-02-10
02-02-10
03-02-10
04-02-10
05-02-10
06-02-10
08-02-10
09-02-10
10-02-10
11-02-10
15-02-10

327.90
329.90
327
320.70
313
312.50
318
322.90
325.60
317.75
317.95

316.50
311.25
316
310.60
304.60
310
304.45
314.35
311.25
311.35
312.00

326.05
313.75
320.70
313.15
309.50
310.75
316.75
322.05
312.25
312.10
316.70

Total
traded
qty
964639
1101300
668662
883457
1380008
68919
790303
837918
930007
536129
722606

Avg price Money flow

322.89
319.48
320.03
314.78
309.85
311.13
312.67
319.65
315.79
313.83
316.09

9643116.11
351843324
213991900
278094594
427595479
21442768.5
247104039
267838890
293686911
168253364
228408531

21

18-02-10
25-02-10
26-02-10
02-03-10
03-03-10
15-03-10
25-03-10
26-03-10
29-03-10
01-04-10
05-04-10
09-04-10
15-04-10
19-04-10
20-04-10
21-04-10
22-04-10
28-04-10
29-04-10
30-04-10

324.75
309.80
319
319.95
321.90
321
351.80
354.75
348.40
342.85
351.35
338
337.90
335
335.75
336.80
339.95
338.45
340.45
345

317.10
301.80
303.35
311
315.55
313.10
339
343.50
335.70
337.65
340
332.10
327.65
322.10
327.40
329.10
328.50
330.40
331.10
335.05

318
303.55
316.15
315.30
320.55
314.40
348.80
344.80
342.50
339
349.95
333.10
330.65
333.10
329.05
334.25
331.95
336.75
332.70
343.15

565791
1838444
1066163
699136
1130913
370546
3023465
1259723
1190836
738013
1279262
985314
1240752
985314
1580997
1815910
1324223
1131512
1231208
2069080

321.03
305.20
312.72
316.19
319.80
314.44
346.64
347.35
343.10
339.61
346
328.90
333.47
328.90
332.38
332.96
337.53
336.22
335.50
341.37

181635885
561093109
333410493
221059812
361665977
116514484.24
104805390.6
437564784.05
408456748
250636595
442624652
324069775
413753569
324069775
525491783
604625394
446964989
380436965
412516240
706321840

3.2.2 Fig Shows MFI of Cipla

INTERPRETATION
The above predicted chart shows the analysis of money flow
Index . on 4th feb money flow is 278094594.and the money flow on 5th feb is
427595479 it shows the positive money flow so the investors can purchase the
securities. money flow index on 21th april is 604625394 and the money flow on

22

22nd april is 446964989 so it shows the negative money flow so it is not a good
sign to purchase.
3.1.3
DATE
04-01-10
13-01-10
22-01-10
03-02-10
11-02-10
23-02-10
05-03-10
16-03-10
26-03-10
07-04-10
19-04-10

Table Shows RSI of Cipla

RSI
73.19
97.62
52.96
37.84
68.23
64.81
62.89
84.60
60.67
85.54
67.59

3.2.3 Fig Shows RSI of Cipla

INTERPRETATION
The above chart indicates rsi of cipla 0n 4-01-10 it crosses 70
so there may be a down turn so it is time to sell scrip.if the point below 30 and 70
it may rise or fall

23

3.1.4 Table Shows Moving average of Ranbaxy

Month
May 09
June 09
July 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Apr 10

Avg closing price

210.91
315.002
260.76
300.51
367.75
390.68
418.43
511.96
496.68
432.21
468.99
367.59

Moving average
262.44
292.09
309.67
375.42
412.28
440
475.69
490.38
485.96
422.93

Sensex on Dec 09 17464.8

3.2.4 Fig Shows MVG of Ranbaxy

INTERPRETATION

24

This chart shows that closing price on Apr 10 367.59 which is

lesser than moving Average . Hence the trending price has been trending down.
This shows the sell signal for investor.
3.1.5 Money flow index of Ranbaxy
Date

High

Low

Close

Total qty

01-02-10
02-02-10
03-02-10
04-02-10
05-02-10
06-02-10
08-02-10
10- 02-10
11-02-10
15-02-10
16-02-10
17-02-10
19-02-10
23-02-10
24-02-10
26-02-10
04-03-10
05-03-10
10-03-10
11-03-10
12-03-10
15-03-10
17-03-10
18-03-10
19-03-10
22-03-10
23-03-10
25-03-10
26-03-10
29-03-10

460.70
462.40
447.35
446.50
415.60
415.60
414
414.45
419
419
446.90
449.40
448.60
451.70
449.60
478
477.70
485
457.95
463.40
466
469.70
479
477
472.90
471.60
472.90
475
479.50
486.50

450.50
435
433.05
422
394
403.90
399.05
403.35
408.50
409.10
411.30
435.10
431.20
431.35
454.45
418.60
465.50
467.20
450.90
452.30
456.50
455.10
470
468.15
426.40
455.75
461.80
465.60
469.50
474.60

455.95
439.65
438.05
425.50
403.95
408.05
401.80
408.45
425.20
410.10
440.50
441.50
445
449.60
451
470.40
473.40
469.20
455.05
460.20
463.60
465.50
473.35
469.65
467.30
458.95
471.15
469.10
475.45
480.50

841848
897240
802949
1626543
2272046
119560
985604
1205875
1059488
592636
3352081
1755934
1425019
1702970
1867884
14788318
4026964
1798966
1109338
1911589
2258757
1657999
1052009
477517
454916
830896
1324397
1868554
1360279
1407643

Avg
price
456.04
450.64
441.28
436.43
404.85
408.11
405.35
409.75
414.96
413.74
429.31
443.13
438.90
443.82
451.22
448.38
471.22
473.94
454.87
459.52
462.58
461.59
475.56
471.99
468.22
464.70
468.27
470.07
475.61
482.49

Mfi
383916362
404332234
354325335
709872161
919837823
487936316
399514581
494107281
439645140
245197219
1439081894
778107033
625440839
755812145
8428266.18
6630786025
1897585976
852601946
504604576
878413377
1044855813
765315758
500293400
225383249
213000770
386117371
620175383
878351179
646962295
679173671

25

30-03-10
31-03-10
01-04-10
05-04-10
06-04-10
08-04-10
09-04-10
13-04-10
15-04-10
16-04-10
19-04-10
20.04-10
21-04-10
22-04-10
23-04-10
26-04-10
27-04-10
28-04-10
29-04-10
30-04-10

489.90
481.50
482.25
484
485.50
477.50
471.95
465.75
463.90
457.80
450
451.80
454.35
462.40
462.40
459.10
451.95
447.50
440.90
453.70

475.05
473.30
475
476.20
474.50
464
461.05
457.75
451
446.50
436
441.10
444.35
453.10
453.10
441.20
440.20
431.70
435.20
437.50

476.50
475.40
476.20
483.20
476.30
466.25
467.50
459.75
454.60
449.70
446
443.20
450.70
455.05
455.05
445.15
447.05
433.10
437.35
451.80

1040488
688039
570280
782422
462267
592962
931949
660586
747532
626486
977482
952653
877134
1433840
601996
710088
783170
1191971
585107
1158415

482.71
476.45
478.18
481.06
478.95
469.55
466.18
461.51
457.55
451.58
441.92
445.55
448.53
457.46
457.42
448.87
447.56
439.32
437.24
447.89

502253962
327816182
272696490
376391927
221402780
278425307
434455985
304867045
342033267
282908548
431968845
424454544
393420913
655924446
275389090
318737201
350515565
523656700
255832185
518842494

3.2.5 Fig Shows MFI of Ranbaxy

29-04-10

22-04-10

15-04-10

7/4/2010

30-03-10

22-03-10

15-03-10

8/3/2010

26-02-10

19-02-10

11/2/2010

5/2/2010

Date

900000000
800000000
700000000
600000000
500000000
400000000
300000000
200000000
100000000
0

INTERPRETATION
Above chart predict the money flow index money flow on
21stapril is 393420913 and the money flow on 22nd april is 655924446 . so it
shows the positive money flow so the investor can purchase the securities. On

26

other hand money flow on 28th april is 523656700 and money flow on 29th april is
255832185 . so it is negative money flow .so the investor can sell the securities.

3.1.6 Table shows relative strength index of Ranbaxy

Date
01-02-10
09-02-10
19-02-10
03-03-04
12-03-10
23-03-10
05-04-10
15-04-10
26-04-10

RSI
26.035
36.81
12.30
60.90
41.52
49.43
20.12
52.65
43.91
3.2.6 Fig shows RSI of Ranbaxy

INTERPRETATION
The above chart indicates RSI on 1/02/10 is 26.035 so this
one indicates it is time to pick up the scrip. and RSI value increase to 52.65 which
indicates it is between 30 and 70 value. So it is neutral.

27

3.1.7 Table Shows Moving average of Sun Pharma

Month
May 09
Jun 09
July 09
Aug 09
Sept 09
Oct 09
Nov 09
Dec 09
Jan 10
Feb10
March 10
Apr 10

Avg closing price

1316.11
1232.53
1191.626
1196.54
1294.67
1375.65
1434.25
1489.64
1593.03
1446.17
1678.13
1733.79

Moving average
1246.755
1206.89
1227.61
1228.95
1368.19
1433.18
1505.64
1509.61
1572.44
1619.36

Sensex on Jun 09 14493.84

3.2.7 Fig Shows MVG of Sun Pharma

28

INTERPRETATION
The Avg closing price on Apr is 1733.79 which is greater
than moving average so the security price is trending up . It shows the buy signal
for investors.
3.1.8 Money flow index of Sun Pharma
Date
01-02-10
02-02-10
03-02-10
04-02-10
05-02-10
06-02-10
08-02-10
09-02-10
10-02-10
11-02-10
15-02-10
18-02-10
19-02-10
22-02-10
23-02-10
25-02-10
26-02-10
03-03-10
05-03-10
08-03-10
09-03-10
10-03-10
11-03-10
15-03-10
17-03-10
18-03-10
19-03-10
22-03-10
23-03-10
25-03-10
26-03-10

High
1524.90
1538.05
1535
1515
1499.70
1488.50
1523
1551.
1535.95
1534.50
1530.15
1559
1563.70
1566.80
1578.60
1545
1579
1578.50
1618.20
1649.80
1662
1662
1705.90
1663
1722.90
1705.25
1704.80
1709
1717.95
1770
1785

Low
1433.60
1485.10
1497.10
1470
1456
1455.10
1471.10
1495
1503
1510
1527.60
1533
1517.15
1531.20
1535
1505
1509
1530.05
1570.25
1611
1630.20
1640
1635.05
1613.50
1662
1685.25
1675
1676
1681.20
1690
1740.50

Close
1506.50
1513.60
1501.45
1499.15
1473.90
1483.30
1511.75
1542.35
1509.55
1520.35
1544.45
1545.10
1549.85
1535.80
1570.40
1520.65
1539.70
1561.85
1612.70
1639.65
1654.80
1643.70
1693.15
1621.95
1687.75
1697.80
1698.10
1705.95
1688
1749.85
1769.70

Total qty
268844
293951
122459
537830
362552
869300
183397
162663
139032
84135
79053
49146
123427
58991
166449
176306
160374
265443
143204
162210
132180
84676
226497
166715
259411
107876
123728
96197
138800
320256
139831

Avg
1495.62
1516.72
1518.49
1499.53
1483.45
1482
1495.84
1532.50
1518.56
1520
1528.61
1546.93
1539.95
1549.19
1566.56
1519.98
1546.93
1562.63
1597.51
1636.80
1652.54
1647.55
1675.74
1629.92
1692.94
1694.73
1692.44
1698.15
1693.37
1731.77
1769.74

Mfi
402088463
445841361
185952767
806492220
537827764
128830260
274332568
249281048
211128434
127885200
120841206
760254218
190071409
91388267.3
260752345
267981594
248087352
414789195
228769822
265505328
218432737
139507944
379550083
271732113
439167258
182820693
209402216
163356936
235039756
554609733
247464514

29

29-03-10
30-03-10
01-04-10
05-04-10
06-04-10
07-04-10
08-04-10
09-04-10
12-04-10
13-04-10
15-04-10
16-04-10
19-04-10
20-04-10
21-04-10
22-04-10
23-04-10
26-04-10
27-04-10
28-04-10
29-04-10
30-04-10

1812
1806
1812
1853
1848.80
1812
1820.95
1797
1819.50
1814.40
1819
1819.75
1791
1814.70
1813
1746.55
1718
1690
1627
1633
`1605
1605

1751
1742.50
1780.10
1800
1810.35
1790.15
1768
1765
1781.30
1770
1781.15
1819.75
1749
1745.60
1740
1700.10
1677
1584
1576.90
1571.10
1511
1511

1800
1753.20
1804.05
1841.70
1821.85
1796.85
1773.55
1769.50
1797.60
1778.95
1799.35
1792
1763.10
1800
1746.55
1709.05
1684.15
1603.15
1596
1623.10
1573.40
1573.40

207810
127073
167608
146485
91505
181312
148081
89964
237859
76919
103567
82914
81229
156702
260298
601550
297723
879432
676362
452259
461742
301320

1797.79
1771.61
1794.78
1826.20
1820.92
1797.28
1785.86
1777.79
1801.52
1782.78
1801.67
1810.20
1767.51
1780.16
1758.44
1712.57
1686.42
1605.20
1598.66
1612.95
1593.81
1583.90

373598740
225123798
300819486
267510907
166623285
325868431
264451935
159937100
428507746
137129655
186590450
150090923
143573070
278954632
457718415
1030196484
502086022
1411664246
1081272875
729471154
73592017
477260748

3.2.8 Fig Shows MFI of Sun Pharma

1600000000
1400000000
1200000000
1000000000
800000000
600000000
400000000

INTERPRETATION

30-04-10

23-04-10

16-04-10

8/4/2010

31-03-10

23-03-10

16-03-10

9/3/2010

26-02-10

19-02-10

11/2/2010

5/2/2010

Date

200000000

30

This chart predict money flow index. Money flow index on 1 st

Feb is 402088463 and 2nd Feb is 445841361 it shows positive money Flow. On
other hand for eg Apr 29th money flow is 73592017 and 30th Apr is 47726074 it
indicated negative money flow.

3.1.9 Table shows Relative Strength Index of Sun pharma

Date
01-02-10
09-02-10
19-02-10
03-03-10
12-03-10
23-03-10
05-04-10
15-04-10
26-04-10

RSI
52.17
34.98
50.61
71.94
33.77
40.44
60.03
36.38
43.82
3.2.9 Fig Shows RSI of Sun Pharma

INTERPRETATION

31

The above chart indicates RSI . RSI on 3 rd march is 71.94

which crosses 70 this shows there may be a downturn so it is time to sell. RSI on
15th April is 36.38 which is between 30 and 70 so it is neutral.

3.1.10 Table showing moving average of Glenmark

Month
May 09
June 09
July 09
Aug 09
Sept 09
Oct 09
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Apr 10

AVG CLOSING PRICE

227.1741209
237.7050543
336.012388
171.7634552
150.8973456
145.4086616
178.5878788
339.3132246
452.221264
264.6126812
297.6733045
302.3018939

MOV AVG
266.963854
248.493633
219.55773
156.023154
158.297962
221.103255
323.374122
352.049057
338.169083
288.19596

Sensex on July 09 15670.31

3.2.10 Fig Shows Moving Average of Glenmark

32

INTERPRETATION
The average closing price as on APR is 302.30
which is greater than the moving average. Hence the securitys price has been
trending up. It shows a buy signal for the investor

3.1.11 Table Money flow index of glen mark

Date
1-feb-09
2-feb-09
3-feb-09
4-feb-09
5-feb-09
6-feb-09
8-feb-09
9-feb-09
10-feb-09
11-feb-09
15-feb-09
16-feb-09
17-feb-09
18-feb-09
19-feb-09
22-feb-09
23-feb-09
24-feb-09
27-feb-09
28-feb-09
1-mar-09
2-mar-09
6-mar-09
7-mar-09
8-mar-09
10-mar-09
15-mar-09
16-mar-09

High
318
315
318
316
325
324.95
324
324.4
323.7
315.65
310.85
307.9
310
312
323
302.95
301.6
302
304.9
308
309.7
315
328
327.6
335.8
334.9
347
339.4

Low
310
309.5
310.8
309.95
311.05
312.55
312
315
312.4
303.1
301
300
302.2
300.1
294.5
292
293.7
294.6
296.1
295.55
301.1
302.5
314.75
315
322
325
332.05
326.2

Close
311
310.85
313.6
311.6
318.65
314.95
318.85
318.8
314.2
304.65
306.85
301.7
305.95
301.7
295.9
293.05
294.6
300.05
298.4
304.2
306.8
306.85
322
324.25
325.45
326.2
334.85
329.7

Total Trd Qty

78089
91919
164737
124246
390116
304205
379030
238280
194643
148930
86264
94938
98237
128547
125135
119213
70705
117336
64028
227431
231311
126175
409118
262185
319884
226436
240996
131218

Avg price
313.00
311.78
314.13
312.52
318.23
317.48
318.28
319.40
316.77
307.80
306.23
303.20
306.05
304.60
304.47
296.00
296.63
298.88
299.80
302.58
305.87
308.12
321.58
322.28
327.75
328.70
337.97
331.77

Money flow
24441857
28658812.22
51749382.93
38828945.77
124147915.1
96580017.42
120638931.8
76106632
61656414.3
45840654
26416912.27
28785201.6
30065433.85
39155416.2
38099436.33
35287048
20973459.83
35069774.8
19195594.4
68816830.08
70750324.53
38876620.42
131565530.2
84497855.75
104841981
74429513.2
81448614.8
43533758.47

33

17-mar-09
20-mar-09
21-mar-09
23-mar-09
27-mar-09
28-mar-09
1-apr-09
2-apr-09
3-apr-09
6-apr-09
9-apr-09
10-apr-09
13-apr-09
14-apr-09
16-apr-09
17-apr-09
20-apr-09
21-apr-09
22-apr-09
24-apr-09
27-apr-09
28-apr-09
29-apr-09
30-apr-09

325.9
320.95
324.9
320
312.4
314
329
335
325
324.9
324.8
327.5
331
327
334.2
326
325.4
329.9
326
317.5
320
314.85
318.5
329.8

310.9
314.05
317.9
304
306.8
306
310.2
318
317.5
318
310
318.1
322
320
321.3
317.1
317.65
320
321
311.2
307
305
307
314.5

321.25
317.6
318.95
313.05
307.5
310.9
326.45
320.7
320.65
319.8
323.1
325.8
323.7
324.65
323.85
319.65
324.15
324.55
324.2
313.45
309.6
306.55
311.65
323.3

282026
41051
46214
155619
96424
111912
204653
142332
81345
136690
88120
97016
117010
78857
77969
48974
173011
159516
85626
61066
84981
31848
110306
115795

319.35
317.53
320.58
312.35
308.90
310.30
321.88
324.57
321.05
320.90
319.30
323.80
325.57
323.88
326.45
320.92
322.40
324.82
323.73
314.05
312.20
308.80
312.38
322.53

90065003.1
13035060.87
14815438.17
48607594.65
29785373.6
34726293.6
65874389.82
46196222.8
26115812.25
43863821
28136716
31413780.8
38094555.67
25540468.02
25452980.05
15716572.83
55778746.4
51813455.4
27719990.4
19177777.3
26531068.2
9834662.4
34457755.97
37347747.33

3.2.11 Fig Shows MFI of Glenmark

INTERPRETATION
The above predicted chart shows the analysis of
Money Flow Index. Take for Example the 2nd

of feb the Money Flow is

34

28658812.22 and the money flow of 3rd feb is 51749382.93. So it shows the
Positive Money flow over the day. So, it can be concluded that the investors can
purchase the securities. On 10th day of feb the Money flow is120638931.8 and the
money flow of 12th feb is76106632. This is Negative and it can be concluded that
it is not a good sign to Purchase.
3.1.12 Table shows RSI of Glen mark
Date
01-02-10
09-02-10

RSI
58.59
45.77

22-02-10
04-03-10
15-03-10
26-03-10
08-04-10
20-04-10

57.02
66.44
70.13
77.39
58.83
29.03
3.2.12 Fig Shows RSI of Glenmark

INTERPRETATION

35

The above chart indicates RSI . RSI on 15/03/10 is 77.39

which indicate it is time to sell the share. On 20th April RSI is 29.03 which falls
below 30 so this indicates to pick up the scrip.

3.1.13 Table showing moving average of Auro Pharma

Avg Closing Price

Month
May 09
Jun 09
July 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Apr 10

6.3478
6.6526
11.7771
15.4504
16.4879
13.7652
16.6500
21.2220
22.3635
22.8160
31.4534
29.9267

MOV AVG

8.2592
11.2934
14.5718
15.2345
15.6344
17.2124
20.0785
22.1338
25.5443
28.0654

Sensex on Aug 09 15666.64

3.2.13 Fig Shows Moving Average of Auro Pharma

36

INTERPRETATION
The average closing price as on APRIL 2010 is
29.9267 which are greater than the moving average. Hence the securitys price
has been trending up. This shows the buy signal for the investors.
3.1.14 MONEY FLOW INDEX OF AURO PHARMA
Date

High

Low

Close

Total Trd Qty

Avg Price

Money flow

2-FEB-09
3-feb-09
4-feb-09
6-feb-09
10-feb-09
13-feb-09
16-feb-09
17-feb-09
19-feb-09
23-feb-09
25-feb-09
26-feb-09
27-feb-09
2-mar-09
5-mar-09
6-mar-09
09-mar-09

32.1
32.45
32.5
32.1
32.8
32.25
31.45
31
30.85
30.5
31.65
30.5
30.25
30.95
29.75
28.95
28.7

31
31.4
31.5
31
31.6
31
30.25
29.75
30
29
29.9
29.5
29.25
29.4
28.25
27.95
28.05

31.35
31.9
31.65
31.25
31.8
31.1
30.35
30.2
30.45
30.05
30.05
29.6
30
29.6
28.45
28.4
28.35

923189
953168
537473
930319
1115399
494011
510297
656795
597793
399246
2121789
608658
740395
640031
584319
643228
527772

31.4833
31.9167
31.8833
31.4500
32.0667
31.4500
30.6833
30.3167
30.4333
29.8500
30.5333
29.8667
29.8333
29.9833
28.8167
28.4333
28.3667

29065067.02
30421945.33
17136430.82
29258532.55
35767127.93
15536645.95
15657612.95
19911835.08
18192833.63
11917493.1
64785290.8
18178585.6
22088450.83
19190262.82
16838125.85
18289116.13
14971132.4

37

13-mar-09
14-mar-09
15-mar-09
16-mar-09
20-mar-09
21-mar-09
23-mar-09
24-mar-09
27-mar-09
28-mar-09
1-apr-09
2-apr-09
3-apr-09
6-apr-09
7-apr-09
8-apr-09
9-apr-09
10-apr-09
13-apr-09
14-apr-09
17-apr-09
20-apr-09
21-apr-09
22-apr-09
23-apr-09
24-apr-09
27-apr-09
28-apr-09
29-apr-09
30-apr-09

29.3
29.25
29
29.3
28.05
27.5
26.5
26.8
26.65
26.75
25.9
26.05
25.85
26
26.2
25.9
25
24.5
24.5
23.4
24.45
25.2
24.25
23.75
23.9
24.1
23.4
23.6
23.2
24.6

28.85
28.5
28.25
28.05
26.8
26.75
26
25.8
25.9
25.55
25.4
24.3
24.25
21.05
22.5
24.25
23.35
22.8
22.9
22.8
22.3
23.8
22.5
22.55
22.55
22.9
22.6
20.15
21.3
23.15

28.95
28.6
28.45
28.2
26.9
26.85
26.05
25.9
26.2
25.85
25.75
24.85
25.55
22.05
25.55
24.35
24.25
23.4
23.05
22.9
23.85
23.9
22.7
22.6
23.45
23.15
22.7
20.8
22.8
24.05

338568
419611
310486
510976
413757
308239
296025
452176
445717
366171
345204
521141
553302
1549233
2575024
942767
563059
921593
1002080
546776
2619964
1581634
1106483
785198
915032
1263977
1183474
3215155
1233919
2026213

29.0333
28.7833
28.5667
28.5167
27.2500
27.0333
26.1833
26.1667
26.2500
26.0500
25.6833
25.0667
25.2167
23.0333
24.7500
24.8333
24.2000
23.5667
23.4833
23.0333
23.5333
24.3000
23.1500
22.9667
23.3000
23.3833
22.9000
21.5167
22.4333
23.9333

3.2.14 Fig Shows MFI of Auro Pharma

9829757.6
12077803.28
8869550.067
14571332.27
11274878.25
8332727.633
7750921.25
11831938.67
11700071.25
9538754.55
8865989.4
13063267.73
13952432.1
35684000.1
63731844
23412047.17
13626027.8
21718875.03
23532178.67
12594073.87
61656486.13
38433706.2
25615081.45
18033380.73
21320245.6
29555995.52
27101554.6
69179418.42
27680916.23
48494031.13

38

120000000
100000000
80000000
60000000
40000000
20000000

D
6- at
F e
e
16 b-0
-F
9
e
23 b-0
-F
9
eb
209
M
ar
9- -09
M
a
16 r-0
-M 9
a
23 r-0
-M
9
ar
-0
29
A
pr
0
9A 9
p
17 r-0
-A 9
p
24 r-0
-A 9
pr
-0
9

INTERPRETATION
The above predicted chart shows the analysis of Money
Flow Index. Take for Example the 10th Day of APRIL the Money Flow is
21718875.03 and the money flow of 13th APRIL is 23532178.67. So it shows the
Positive Money flow over the day. So, it can be concluded that the investors can
purchase the securities. Take for example the 28TH of APRIL the Money flow is
69179418.42 and the money flow of 29TH of APRIL IS 27680916.23. This is
Negative and it can be concluded that it is not a good sign to Purchase.
3.1.15 Table shows Relative Strength Index Auro Pharma
Date
01-02-10
10-02-10
23-02-10
08-03-10
18-03-10
31-03-10
13-04-10
26-04-10

RSI
29.05
48.45
65.75
46.12
54.56
88.73
48.21
57.28

39

4.15Fig Shows RSI of Auro Pharma

INTERPRETATION
The above chart indicates RSI. On Feb 1st RSI is
29.05 which indicate scrip can be pick up. On 31st march RSI is 88.73 which falls
above 70 this one indicates it is time to sell the scrip.

3.1.16 Table shows moving average of SBI Bank

Month
May 09
Jun 09
July 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Apr 10

AVG Closing Price

1529.12
1672.84
1676.06
1764.37
1979.36
2139.47
2280.12
2243.56
2171.31
1844.22
2044.97
2148.02

Moving Average
1626.006
1704.42
1806.59
1961.06
2132.98
2221.05
2231.66
2086.36
2020.16
2012.40

40

Sensex on Sep 09 17126.84

3.2.16

Chart Shows Moving Average of SBI

INTERPRETATION
The average closing price on Apr 2010 is 2148.02 which are
greater than moving average. Hence the security price has been trending up this
shows buy signal for the investor.
3.1.17 Table Shows Money Flow Index of SBI Bank
Date
01-02-10
02-02-10
03-02-10
04-02-10
05-02-10
06-02-10
08-02-10
09-02-10
10-02-10
11-02-10
15-02-10
16-02-10
17-02-10
18-02-10
19-02-10
22-02-10
23-02-10
24-02-10
25-02-10

High
2148
2045.20
2015.90
1996.70
1930
1924.45
1947.80
1958
1970
1940
1925
1925
1962.50
1960
1934
1935
1934.50
1930
1930

Low
2015.50
1974.15
1983.50
1940
1863.10
1898.25
1883.65
1925
1895
1911
1886.30
1895
1927.25
1927.30
1890.05
1910.15
1906.50
1900
1903.40

Close
2021.25
1978.35
1998.80
1947.90
1897.80
1912.45
1936.55
1950.30
1911.85
1917.65
1895
1920.60
1956.85
1942.40
1905.30
1916.35
1911.90
1921.25
1913.65

Traded qty
2204716
2408626
3045071
3535712
2687883
209862
1888513
1383698
1973193
1242794
1332501
807015
1346836
1310323
1586302
1152865
1062577
817359
2161596

Avg price
2027.86
2000.02
2000.19
1961.86
1892.02
1911.14
1918.60
1945.05
1927.19
1924.78
1898.47
1910.5
1945.47
1939.78
1903.86
1923.49
1921.06
1917.49
1914.34

MFI
4469760343
481736817.3
6090720563
6936571944
5085528394
401075662.7
3623301042
2691361795
3802717818
2392105035
2529713173
1541810228
2620229033
2541738449
3020096926
2217524299
2041274172
1567277709
4138029687

41

26-02-10
02-03-10
03-03-10
04-03-10
05-03-10
08-03-10
12-03-10
15-03-10
16-03-10
19-03-10
22-03-10
23-03-10
25-03-10
26-03-10
29-03-10
30-03-10
31-03-10
01-04-10
05-04-10
06-04-10
07-04-10
08-04-10
09-04-10
12-04-10
13-04-10
15-04-10
16-04-10
19-04-10
26-04-10
27-04-10
28-04-10
29-04-10
30-04-10

2032
2011
2025.90
2044.70
2059
2112.50
2062.65
2044.75
2025
2065.85
2053.80
2056.65
2061.60
2078
2105
2121.95
2098.90
2108
2142.20
2147.75
2135
2109.80
2125
2115
2112
2109.05
2054.85
2044.90
2279
2255
2251.85
2285
2318.90

1915
1974.20
1989.10
2012
2021.10
2033.10
2038.65
2011.10
1997.60
2033.30
2010
2018.60
2025.20
2045.05
2073
2075
2073.35
2075.30
2105
2112.10
2096
2087.55
2093.55
2080
2063
2048
2025.25
2012
2241.10
2209.10
2182.50
2235
2280

1974.30
1986.65
2022.40
2032.70
2047.20
2065.95
2047.90
2015.10
2015.85
2058.45
2040.95
2048.55
2049.55
2072.85
2095.05
2082.55
2078.20
2102.60
2138.25
2123.55
2110.90
2095.90
2106.10
2092
2093.95
2054.05
2047.70
2032.45
2251.55
2217.80
2232.20
2274
2300.70

4321519
1934735
1584368
1430107
12685072
3866479
1203343
899749
1285717
1288913
1115156
1365050
1364648
1342271
1123155
1192988
999722
768145
1107535
1235930
1300415
1149701
1236719
861412
1761909
1301622
946618
925060
1214560
1109476
1868425
2139394
1914631

1980.47
1993.77
2014.05
2033.25
2043.33
2082.24
2051.56
2020.23
2010.10
2056.17
2040.38
2038.12
2040.96
2063.57
2094.38
2104.68
2087.31
2093.19
2124.45
2128.85
2115.64
2097.15
2110.56
2093.02
2083.04
2072.59
2042.77
2030.25
2256.39
2223.09
2232.71
2264.81
2302.98

3.2.17 Fig shows Money flow index

8558638734
3857416601
3190996370
2787878834
2591978408
8050937233
2468730365
1817699922
2584419742
2650224243
2275341999
2782135706
2785191982
2769870167
2352313369
2510857984
2086729728
1607873433
2352902731
2631109581
2751209991
2411095452
2610169653
1802952544
3670126923
2697728741
1933722852
1878103065
2741140464
2466465001
4171651182
4845320925
4409356900

42

INTERPRETATION
The above chart predict the money flow index. On 25th feb
money flow index is 4138029687 and the money flow index on 26th Feb is
8558638734, so this shows the positive money flow. On 21 st Apr Mfi is
3288041991 and on 22nd Apr is 1435807859. So this shows the negative money
flow over the day.

3.1.18 Table shows RSI of SBI

Date

RSI

43

01-02-10
10-02-10
23-02-10
08-03-10
18-03-10
31-03-10
13-04-10
26-04-10

27.53
44.02
75.78
21.76
52.22
62.46
73.67
44.75
3.2.18 Fig Shows RSI of SBI

INTERPRETATION
The above chart reveals RSI. The RSI on 1st feb is 27.53 which
is below 30 so this one indicates the scrip may be purchase. On 23 rd feb RSI is
75.78 which is above 70. So this one indicates there may be downturn so it is time
to sell .

3.1.19 Table shows Moving Average of Yes bank

Month

AVG Closing Price

May 09

105.44

Jun 09

140.56

Moving Average
132.99

44

July 09

152.99

151.23

Aug 09

160.16

164.99

Sep 09

181.83

189.79

Oct 09

227.38

221.11

Nov 09

254.14

247.77

Dec 09

261.81

259.62

Jan 10

262.91

254.26

Feb 10

238.06

250.06

Mar 10

249.23

251.20

Apr 10

266.32
Sensex on Oct 09 15896.21
3.2.19 Chart Shows moving average of Yes Bank

INTERPRETATION
The average closing price on Apr 2010 is 266.32 which are
more than the moving average this indicates security price has been
trending up. This shows the buy signal for the investors.
3.1.20 Table shows the Money flow index of Yes bank
Date

High

Low

Close

01-02-10
02-02-10
03-02-10

255
257.55
252

245.70`
241.50
244

253.10
243.35
250.50

Traded
qty
1335238
1994368
1953929

Avg
price
252.06
248.68
249.12

MFI
336560090
495959434
486762792

45

04-02-10
05-02-10
10-02-10
11-02-10
15-02-10
16-02-10
17-02-10
18-02-10
19-02-10
22-02-10
23-02-10
24-02-10
25-02-10
26-02-10
02-03-10
08-03-10
09-03-10
10-03-10
11-03-10
12-03-10
15-03-10
16-03-10
17-03-10
18-03-10
19-03-10
22-03-10
23-03-10
25-03-10
26-03-10
29-03-10
30-03-10
31-03-10
01-04-10
05-04-10
06-04-10
09-04-10
12-04-10
16-04-10
19-04-10
21-04-10

252.90
243.40
241.85
239.40
240
242.30
244
242.55
235
238.90
242.50
236.70
233
240.70
246.70
256.70
255.05
250.85
253.70
258.70
253
250
248.50
250.80
252.40
244.50
243.10
243
252.50
260
260.80
259.10
259.65
265.35
267.90
264.90
264.80
252.35
255.30
273.15

240
232.20
231.40
234.25
232
232
237.40
235.10
227.10
232.30
234
229.60
223.20
222.50
238.20
251.60
248
246.35
246.30
253
247.55
242.55
245.05
244.80
241.15
238.75
237
236
242
252.10
255.70
252.35
256.55
259.90
261.10
259.75
261.25
246.75
245
258.05

242.70
239.30
232.60
237.40
234.25
240
241.85
236
229.35
234.55
236.15
230.80
224.75
236.60
245.10
254
249.15
248.35
251.80
253.75
248.55
244.50
245.95
249.55
247.30
239.80
237.90
240.90
251.40
257.45
256.55
256.20
258.05
264.20
262.40
263.65
263.30
249.45
253.85
271.75

1590518
1374975
1501233
707271
802912
996031
952492
1015001
1783776
1589105
647485
1174348
2664953
2405999
1840926
1016131
528203
600732
967295
2086406
722435
2015737
782695
1130149
1767536
1423173
1026619
1044964
1741531
2859356
1467129
1001595
704342
928849
1273029
874152
444883
1109899
1443488
3397491

248.54
238.49
236.05
237.18
234.38
236.68
241.57
238.31
231.03
235.55
236.33
232.87
226.40
232.94
244.50
254.29
250.79
248.50
251.41
255.99
249.36
244.34
246.46
248.67
248.29
241.05
239.28
239.49
248.40
257.54
257.66
255.63
258.27
263.86
264.31
262.99
262.67
249.72
251.84
266.29

395307343
327917787
354366049
167750535
188186514
235740617
230093492
241884888
412105769
374313682
153020130
273470418
603345359
560453407
450106407
258097274
132468030
149281902
243187636
534099071
180146391
492525178
192903009
281034151
438861513
343055851
245864984
250258428
432596300
736398544
378020458
256037729
181910408
245086097
336474295
229893234
116857417
277163978
363528017
904717878

46

22-04-10
23-04-10
26-04-10
27-04-10
28-04-10
29-04-10
30-04-10

273.90
272.65
282.45
285.40
280
295.40
298

267.25
268.50
273.50
274.25
270.40
276.90
283.55

268.95
271.05
281.30
275.60
277.30
293.25
285.65

1641633
906065
2428673
4233394
1853926
5689407
3855438

270.66
271
278.85
280.50
276.21
288.40
287.99

444324387
245543615
677235466
1187467017
512072900
1640824979
1110327590

Fig 3.2.20 Chart shows the MFI of Yes Bank

INTERPRETATION
Thus the MFI on 26th march is 432596300 and the MFI on 29th
march is 736398544 which indicates the positive money flow . MFI on 21 st april
is 904717878 and the MFI on 22nd is 444324387 this indicates the negative money
flow over the day.
3.1.21 Table shows Relative Strength Index of Yes Bank
Date
01-02-10
10-02-10
23-02-10
08-03-10

RSI
49.16
46.00
61.08
37.96

47

18-03-10
31-03-10
13-04-10
26-04-10

56.89
57.912
70.1
48.71
3.2.21 Fig Shows RSI of Yes Bank

INTERPRETATION
The above chart shows RSI movement . On 23 rd feb RSI is
61.08 which falls below 30 and 70 so it is neutral. On 13th april RSI is 70.1
which indicates there may be a down turn so it is time to see the scrip.

3.1.22 Table shows Moving Average of Indian Overseas Bank

Month
May 2009
Jun 2009
July 2009
Aug 2009
Sep 2009
Oct 2009
Nov 2009
Dec 2009

Avg Closing Price

74.86
86.30
84.85
82.30
103
127.45
108.50
112

Moving Average
82
84.48
90.05
104.25
112.98
115.98
113.24

48

Jan 2010
Feb 2010
Mar 2010
Apr 2010

109.23
90.04
91.34
96.77

103.75
96.87
92.71

Sensex on Jan 10 16357.97

3.2.22 Chart Shows moving average of IOB

INTERPRETATION
The above Chart reveals the avg closing price on APR 2010 is
96.77 which is greater than moving average so this indicates that the security
price has been trending up. This shows the buy signal for the invetors.
3.1.23 Table shows MFI of Indian Overseas Bank
Date
01-02-10
02-02-10
03-02-10
04-02-10
05-02-10
06-02-10
08-02-10
09-02-10
10-02-10
11-02-10
15-02-10
16-02-10
17-02-10
18-02-10

High
93.25
94.80
93.15
92.50
89.20
89.00
90.30
90.20
91.60
91.75
92.00
91.45
93.70
93.25

Low
90.55
90.70
91.00
89.60
89.20
87.40
87.00
88.50
89.75
90.55
90.05
89.55
91.25
91.50

Close
92.35
91.15
92.50
90.25
87.05
88.60
89.65
89.80
90.20
91.30
90.40
90.90
91.80
92.10

Traded qty
1043837
1672294
1017274
907747
1271024
147668
1358568
588096
639424
372267
568140
351311
1069080
646243

Avg price
92.64
93.64
92.16
91.38
87.45
88.31
88.43
89.58
90.73
91.21
90.81
90.34
92.54
92.36

MFI
96701059
156593610
93751971
82949920
111151048
13040561
120138168
52681639
58014939
33954473
51592793
31737435
98932663
59687003

49

19-02-10
22-02-10
23-02-10
24-02-10
25-02-10
26-02-10
02-03-10
03-03-10
04-03-10
05-03-10
08-03-10
09-03-10
10-03-10
11-03-10
12-03-10
15-03-10
16-03-10
17-03-10
18-03-10
19-03-10
22-03-10
23-03-10
25-03-10
26-03-10
29-03-10
30-03-10
31-03-10
01-04-10
05-04-10
06-04-10
07-04-10
08-04-10
09-04-10
12-04-10
13-04-10
15-04-10
16-04-10
19-04-10
20-04-10
21-04-10

91.50
92.20
90.40
89.80
87.90
90.00
91.75
93.80
95.65
95.45
96.30
95.95
94.40
94.35
94.30
93.20
91.65
91.40
89.25
89.00
90.25
89.45
88.30
90.95
93.80
93.40
92.75
92.70
95.20
100.90
102.90
100.25
99.20
98.15
97.00
96.35
94.55
94.00
96.30
97.45

90.05
90.00
89.50
86.80
86.10
86.65
88.75
91.50
93.20
94.30
94.50
93.65
93.25
92.25
92.55
90.15
89.80
88.15
87.60
88.00
86.95
84.00
87.10
87.15
90.75
91.70
91.70
92.00
92.05
95.05
98.50
96.80
96.15
95.75
94.10
93.75
93.25
92.10
92.90
95.85

90.95
90.25
90.00
87.05
86.30
88.20
91.45
93.60
94.40
94.75
95.45
94.00
93.60
93.30
92.65
90.60
89.95
88.70
88.00
88.50
88.40
88.05
87.45
89.55
91.95
91.90
91.95
92.15
94.75
100.15
99.45
97.35
97.45
96.50
95.10
94.15
94.15
93.00
95.80
96.75

623976
569916
396138
709482
647767
1245104
1128396
622729
1044090
527635
1114313
388753
317512
348606
476881
554952
970667
746040
736824
573168
1004195
300887
596412
384962
914205
679029
415673
216338
1662860
3428503
2286074
911074
1158049
587637
974945
598985
676325
808851
1611119
1611634

90.87
90.90
89.99
88.01
86.80
88.01
90.38
93.03
94.71
94.88
95.33
94.55
93.79
93.55
93.53
91.42
90.20
89.69
88.39
88.56
89.08
88.42
87.57
89.08
92.23
92.67
92.05
92.25
94.16
98.13
100.94
98.48
98.03
96.78
95.51
95.09
93.88
93.07
95.03
96.55

56700699
51805364
35648458
62441510
56226175
109581603
101984430
57932478
98885763
50062008
106227458
36756596
29779450
32612091
44602679
50278651
87554163
66912327
65127873
50759758
89453690
26604428
52227798
34292414
84317127
62925617
38259938
19957180
156574897
336438999
230756309
89722567
11352354
56871508
93116996
56957483
63493391
75279762
153104638
155603262

50

22-04-10
23-04-10
26-04-10
27-04-10
28-04-10
29-04-10
30-04-10

98.80
99.90
102.90
104
102.00
99.95
97.00

95.55
97.45
99.80
99.80
97.00
93.85
94.00

97.45
99.55
102.15
100.15
98.30
95.05
96.00

2281591
2843792
4068699
3703880
2120120
7130970
3061412

97.72
99.21
101.85
102.12
98.71
96.53
95.97

222957072
282132604
414396993
378240225
209277045
688352534
293803709

3.2.23 chart shows money flow index of IOB

INTERPRETATION
The above chart reveals money flow index on 16th feb is
31737435 and the money flow index on 17th Feb. is 98932663. This one
indicates positive money flow over the day. Take for example money flow
index on 29th april is 688352534 and the money flow index on 30 th April is
293803709 which indicates negative money flow over the day.
3.1.24 Table shows Relative Strength Index of IOB
Date
01-02-10
10-02-10
23-02-10
08-03-10
18-03-10
31-03-10
13-04-10
26-04-10

RSI
67.73
43.18
47.72
47.59
84.94
68.59
60.81
13.86

51

3.2.24 Fig Shows RSI of IOB

INTERPRETATION
The above chart reveals RSI of IOB. On 10th Feb RSI is
43.18 it falls between 30 and 70 so it is neutral. On 18 th march RSI is
84.94 it indicates it is time to sell the Scrip. On 26th April RSI is 13.86 it
signals to pick up the scrip.
3.1.25 Table shows moving average of Dena Bank
Month

AVG Closing Price

Moving AVG

52

May 09
Jun 09
July 09
Aug 09
Sep 09
Oct 09
Nov 09
Dec 09
Jan 10
Feb 10
Mar 10
Apr 10

44.29
55.17
51.85
51.80
58.43
69.12
72.26
85.10
83.67
81.48
80.88
82.07

50.43
52.94
54.02
59.78
66.60
75.49
80.34
83.41
82.01
81.47

Sensex on March 10 17527.77

3.2.25 Chart shows moving Average of Dena Bank

INTERPRETATION
The above chart reveals the AVG closing price on Apr 2010
is 82.07 which is greater than moving price so the security price has been
trending up . this indicates the buy signal for the investors.
3.1.26 Table shows Money Flow Index of Dena bank
Date
01-02-10
02-02-10
03-02-10
04-02-10

High
81.25
82.15
81.80
81.75

Low
76.15
78.30
79.05
77.60

Close
80.60
79.40
81.20
78.05

Traded qty

Avg

MFI

6994548
4239793
3145413
1793641

price
79.53
80.31
80.76
79.64

556276402
340497775
254023553
142845569

53

05-02-10
06-02-10
08-02-10
09-02-10
10-02-10
11-02-10
15-02-10
16-02-10
17-02-10
18-02-10
19-02-10
22-02-10
23-02-10
24-02-10
25-02-10
26-02-10
02-03-10
03-02-10
04-03-10
05-03-10
08-03-10
09-03-10
10-03-10
11-03-10
12-03-10
15-03-10
16-03-10
17-03-10
18-03-10
19-03-10
22-03-10
23-03-10
25-03-10
26-03-10
29-03-10
30-03-10
31-03-10
01-04-10
05-04-10
06-04-10

76.80
78.00
77.50
77.90
77.45
77.25
77.35
78.00
79.50
79.45
77.10
80.00
78.95
77.95
79.50
82.95
84.00
86.50
87.85
87.50
86.95
85.70
84.00
82.20
82.80
81.00
80.35
81.00
80.50
79.95
78.30
78.45
78.00
78.80
80.50
80.75
80.50
80.30
82.90
84.85

73.00
74.20
73.55
74.65
75.20
76.10
75.60
75.50
77.75
76.80
75.25
76.80
77.20
76.15
76.65
76.30
81.60
83.90
85.40
84.00
84.80
84.00
81.55
80.50
81.10
78.70
77.75
79.00
77.85
78.35
78.30
77.25
77.00
77.30
78.00
78.25
78.05
78.40
79.55
82.90

73.80
75.25
76.80
76.05
75.80
76.80
76.45
77.60
78.65
77.30
76.55
79.10
77.50
77.10
77.20
80.55
83.55
86.10
86.15
85.80
85.45
84.35
81.90
81.15
81.65
79.10
80.15
79.30
78.15
79.35
77.20
77.65
77.30
77.70
79.55
78.65
78.30
79.35
82.65
83.60

3824067
431160
2896562
4386443
2027667
1055379
1365318
1661199
2564664
2248321
1290772
3333073
1261643
1274808
2645989
3908014
3195010
3136956
3157254
2418650
1885962
1208480
2211770
1312229
1329526
1105808
1666272
1004665
1206948
1310234
1199001
1250512
1529226
1549935
1749255
1147582
545509
1140815
2660290
3214588

74.23
75.06
75.92
75.79
76.40
76.75
76.51
76.89
78.60
78.12
76.17
78.48
77.92
77.20
78.01
80.39
83.05
85.20
86.49
86.54
85.75
84.75
82.58
81.02
81.95
79.45
79.22
80.00
78.55
79.35
77.32
77.87
77.49
77.94
79.78
79.78
78.59
79.40
81.56
83.91

283860493
32362869
219906987
332448515
154913758
81000338
104460480
12772889
201582590
175638836
98318103
261579569
98307222
98415177
206413601
314165245
265345580
267268651
273070898
209309971
161721241
102418680
182647966
106316793
108954655
87856445
132002067
80373200
94805765
103967067
92706757
97377369
118499722
120801933
139555563
91554091.9
42871552
90580711
216973252
269736079

54

07-04-10
08-04-10
09-04-10
12-04-10
13-04-10
15-04-10
16-04-10
19-04-10
20-04-10
21-04-10
22-04-10
23-04-10
26-04-10
27-04-10
28-04-10
29-04-10
30-04-10

84.65
83.35
83.00
82.35
81.40
80.75
79.90
79.30
81.55
82.65
84.00
84.70
85.00
85.50
83.65
87.45
89.85

81.90
80.80
81.15
79.60
79.25
78.35
77.65
76.90
79.05
80.80
81.00
82.60
83.55
83.30
81.50
82.50
87.60

82.95
81.30
81.60
80.35
79.40
78.60
79.05
78.30
81.20
81.15
82.50
83.50
84.05
83.85
82.45
86.90
88.70

1391098
1173432
1150501
733842
1376627
822257
1128454
1636472
2966654
2226749
4002160
3758195
1898980
4619531
2643598
6645854
6246814

83.47
81.93
82.12
80.64
80.12
79.39
78.90
78.35
80.39
81.78
82.82
83.85
84.17
84.31
82.68
85.89
88.94

116114950
96139283
94479142
59177018
110295355
65278983
89035020
128217581
238489315
182103533
331458891
315124650
159837146
389472658
218572682
570812400
555591637

3.2.26 Fig shows MFI of Dena Bank

INTERPRETATION
Positive money flow on 5th april is 216973252 and
0n 6th april is 269736079 this positive . on 20th april MFI is 238489315 and
on 21st April MFI is 182103533 . This shows negative Money Flow.

55

3.1.27 Table showing Relative Strength Index of Dena Bank

Date
01-02-10
10-02-10
23-02-10
08-03-10
18-03-10
31-03-10
13-04-10
26-04-10

RSI
39.86
63.83
83.49
29.97
61.53
60.41
72.75
73.09
3.2.27 Fig Shows RSI of Dena Bank

INTERPRETATION
The above chart indicates RSI . the RSI on 23rd feb is 83.49
which crosses 70 so this signal to sell the scrip. On 8 th march the
RSI is 29.97 which falls below 30 so it is time to pick up the scrip.
3.1.28 Table shows Moving Average of Axis Bank

56

Month
May 2009
Jun 2009
July 2009
Aug 2009
Sep 2009
Oct 2009
Nov 2009
Dec 2009
Jan 2010
Feb 2010
Mar 2010
Apr 2010

Avg Closing Price

699.02
751.24
848.86
830.98
912.99
981.43
980.66
993.70
1093.54
1061.46
1150.60
1202.99

Moving Avg
766.37
810.36
864.27
908.46
958.36
985.26
1022.63
1049.56
1101.86
1138.35

Sensex on April 2010 17558.55

3.2.28 Chart shows moving average of Axis Bank

INTERPRETATION
The Avg closing price on Apr 2010 is 1202.99 which are greater
than moving average. So the security price has been trending up this
shows the buy signal for the investors.
3.1.29 Table shows Money Flow Index of Axis Bank
Date
01-02-10
02-02-10
03-02-10

High
1072
1082
1077

Low
1005
1030.25
1024.05

Close
1062.55
1037.3
1071

Traded qty

Avg

Mfi

2136090
1776677
2652143

price
1045.24
1046.88
1061.68

2232726712
1859967618
2815727180

57

04-02-10

1068.9

1045

1048.45

1317167

1057.67

1393128021

05-02-10
06-02-10

5
1038
1037.6

995.1
1026.1

1025.7
1030.75

2442482
139372

1012.45
1030.52

2472890901
143625633.4

08-02-10
09-02-10
10-02-10
11-02-10
15-02-10
16-02-10
17-02-10

5
1041.7
1057
1045.5
1044.9
1044.5
1041.7
1073.8

1001
1013.2
1020.1
1028.4
1010
1018.35
1032

1022.7
1038.55
1024.65
1033.2
1028.85
1026.15
1067.3

1485293
1845165
1657271
815759
909866
1327251
2273282

1022.84
1038.51
1032.38
1036.86
1031.47
1024.62
1058.49

1519217092
1916222304
1711629489
845827876.7
938499483
1359927920
2406246364

18-02-10
19-02-10
22-02-10
23-02-10
24-02-10

5
1116.3
1102.5
1115
1129.8
1110.9

1065.55
1071
1081.25
1088.7
1065.05

1098.5
1094.5
1107.45
1098.15
1093.8

4971386
2771256
`1743098
2249941
1720318

1095.78
1087.41
1105.73
1116.92
1089.84

5447545351
3013491487
1927395752
2513004102
1874871369

25-02-10

5
1102.9

1081.55

1096.25

1547763

1093.64

1692695527

26-02-10
02-03-10
03-03-10

5
1137
1175
1174.9

1085
1130
1140.8

1124.5
1155
1148.9

1623356
2992706
2273136

1118.48
1158.78
1157.01

1815691219
3467887859
2630041083

04-03-10

5
1152.4

1112.5

1121.65

2223723

1124.96

2501599426

05-03-10
08-03-10

5
1139.5
1144.2

1100.4
1107.1

1103.35
1129.3

2632950
3179385

1113.69
1119.02

2932290086
3557795403

09-03-10
10-03-10
11-03-10
12-03-10
15-03-10
16-03-10

5
1133.4
1135
1154.9
1161.6
1154.3
1148.9

1045
1117
1127.4
1141.55
1128.6
1132.5

1117.65
1131.5
1151.35
1151.05
1142.7
1144.9

904991
1239377
1809188
1948477
901565
1345188

1117.08
1128.51
1146.44
1153.65
1142.22
1140.86

1010947346
1398649338
2074125491
2247860491
1029785574
1534671182

58

17-03-10

1157.4

1139.05

1149.2

2425033

1148.39

2784883647

18-03-10
19-03-10
22-03-10

5
1172
1172
1152.3

1144.1
1151.55
1100

1163.8
1156
1146.5

1537854
1226644
1098538

1164.68
1156.26
1140.61

1791107797
1418319391
1253003428

23-03-10
25-03-10
26-03-10

5
1171.9
1165.2
1197.9

1152
1146.8
1151.5

1161.95
1154.8
1193.25

1252603
1513156
1805457

1162.58
1156.3
1175.27

1456251196
1749662283
2121899448

29-03-10
30-03-10
31-03-10
01-04-10
05-04-10
06-04-10
07-04-10

5
1215
1212
1184.7
1184.2
1183
1183.9
1193.1

1185
1169.65
1161.9
1168
1158
1166
1148.3

1198.95
1173.1
1168.25
1173.55
1177.1
1174.55
1164.3

1205706
1066027
707646
763263
839008
860496
3690875

1204.43
1187.24
1169.72
1174.96
1173.59
1174.67
1163.07

1452188478
1265629895
827747679
896803494
984651398
1010798836
4292745986

08-04-10
09-04-10

5
1165.5
1199.8

1150
1157.5

1156.75
1183.45

1348153
2559419

1157.58
1179

1560594950
3017555001

12-04-10
13-04-10
15-04-10

5
1188.4
1180
1172.9

1165.15
1153.05
1142

1176.9
1157.6
1148.3

1434505
965174
1430555

1178.11
1161.43
1155.2

1690004686
1120982039
1652577136

16-04-10
19-04-10
20-04-10
21-04-10
22-04-10
23-04-10
26-04-10
27-04-10
28-04-10

5
1159.7
1164
1195
1252
1242
1240
1287
1285
1269.9

1131.4
1128.2
1160
1195
1221.1
1221.6
1237.95
1257.2
1246.25

1148.4
1159.3
1187
1237.4
1224.95
1235.9
1279.6
1276.55
1254.1

1124542
1225933
1799670
5209435
2760682
1144011
3365369
1426990
1220141

1149.14
1150.46
1178.65
1237.13
1228.99
1232.64
1274.4
1277.38
1260.08

1292256194
1410386879
2121181046
6444748322
3392850571
1410153719
4288826254
1822808486
1537475271

29-04-10
30-04-10

5
1284.9
1286

1258.85
1263.1

1274.1
1270

2642086
1112086

1275.02
1272.41

3368712492
1415029347

59

3.2.29 Chart shows Money Flow Index of Axis Bank

INTERPRETATION
The above chart reveals money flow index on April 5 th is
984651398 and the money flow index on 6th April is 1010798836 which indicates
positive money flow over the day. On 7th April money flow index is 4292745986
and the money flow index on 8th April is 1560594950 which indicate negative
money flow over the day.
3.1.30 Table shows Relative Strength Index of AXIS Bank
Date
01-02-10
10-02-10
23-02-10
08-03-10
18-03-10
31-03-10
13-04-10
26-04-10

RSI
48.07
86.43
59.29
60.14
57.08
70.15
72.55
66.97
3.2.30 Fig Shows RSI of Axis Bank

60

INTERPRETATION
The above chart indicates RSI . The RSI on 10th Feb is 86.43
which indicates it is time to sell the scrip.RSI on 18th March is 57.08 which falls
between 30 and 70 it is neutral.
4. FINDINGS
Price fluctuation is a statistical measure of the tendency of
market or security to rise or fall sharply within a short period of time. Generally
higher the fluctuation of a security, greater is its price swings.
CIPLA
The average closing price of Cipla is 335 which is more
Than the moving Average which indicates Buy Signal
Money flow index of Cipla Shows positive money
Flow over The day. On Feb 4th 278094594 and 5th
Feb is 427595479. (Refer Pg no 21) .
The RSI chart indicates on 4th Jan it is 74 so this one
signals it is time to sell scrip.

61

The price movement of Cipla Shares is it touches high

price 354.75 on 23rd March and the low price of the
share is 309.50 on 23rd Feb
RANBAXY
Here the Avg closing Price of Ranbaxy on April is
367.79 This is lesser than moving Average so it is
Signal to the investor to sell the shares.
Money flow on 21stapril is 393420913 and the money
flow on 22nd april is 655924446 . so it shows the
positive money flow so the investor can purchase the
securities.
RSI chart indicates 01 /02/10 is 26.035 so this one
indicatesTime to pick up the scrip and the RSI on 15th
April 52.65 This one indicates this is neutral

SUN PHARMA
The Average closing price of Sun pharma on April is
1733.79 which greater than moving average this
indicates security price has been trending up(refer Pg
no 27)
Both positive and negative money flows in three
months on 1st feb is 402088463 and 2nd feb is
445841361 it shows positive money flow. on 29th
April money flow is 73592017 and 30th April money
flow is 47726074 it shows negative money flow

62

RSI on 3rd march is 71.94 which crosses 70 this

shows there may be a downturn so it is time to sell.
RSI on 15th April is 36.38 which is between 30 and 70
so it is neutral.
GLENMARK
The Average closing Price is 302.30 which is greater
than moving Average which is 288.19 .This one
indicates buy Signal for the Investors
Both Positive and Negative money Flows over the
three months. On 2nd of Feb. the Money Flow is
28658812.22 and the money flow of 3rd Feb is
51749382.93. So it shows the Positive Money flow
over the day.
RSI on 15/03/10 is 77.39 which indicate it is time to
sell the share. On 20th April RSI is 29.03 which falls
below 30 so this indicates to pick up the scrip.
AUROPHARMA
The average closing price as on APRIL 2010 is
29.9267 which are greater than the moving average.
Hence the securitys price has been trending up. This
shows the buy signal for the investors.
10th Day of APRIL the Money Flow is 21718875.03
and the money flow of 13th APRIL is 23532178.67. So
it shows the Positive Money flow over the day. So, it
can be concluded that the investors can purchase the
securities. ( Refer Pg no 29)

63

On Feb 1st RSI is 29.05 which indicate scrip can be

pick up. On 31st march RSI is 88.73 which falls above
70 this one indicates it is time to sell the scrip.
SBI
Here the security price has been trending up it shows
buy signal for the investor. Avg closing price is
2148.02 this greater than moving average. this indicate
the investor can buy the shares.
On 25th feb money flow index is 4138029687 and the
money flow index on 26th Feb. is 8558638734, so this
shows the Positive Money Flow.
RSI of SBI reveals On 23rd feb RSI is 75.78 which is
above 70. So this one indicates there may be downturn
so it is time to sell and also in some days the RSI falls
neutral.
The SBI share has been keep on increasing it
maintains the steady Growth . on 30th april Share vaue
is 2300.70

YES BANK
The average closing price on Apr 2010 is 266.32
which are more than moving average this shows the
buy signal for the investor.( Refer Pg no 44)

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MFI on 21st April is 904717878 and the MFI on 22 nd

is 444324387 this indicates the negative money flow
over the day.
On 13th april RSI is 70.1 which indicates there may be
a down turn so it is time to sell the scrip.
IOB
The closing price is 96.77 which are more than
moving average which indicates security price has
been trending up
Take for example money flow index on 29th April is
688352534 and the money flow index on 30th April is
293803709 which indicates negative money flow over
the day.
On 18th march RSI is 84.94 it indicates it is time to sell
the scrip . on 26th april RSI is 13.86 it signals to pick
up the scrip. by analyzing this strength and weakness
of the scrip is found and the investor can take the
decision( Refer Pg no 52)
DENA BANK
The average closing price is 82.07 which are more
than moving average that is 81.47 this indicates price
has been trending up and shows the buy signal for the
investor.
Both positive and negative money flows over the
month .positive money flow on 5th april is 216973252
and 0n 6th april is 269736079 this positive Money
flow. ( Pg no52)

65

Through RSI strength and weakness of scrip is

identify. on 23rd April it is 83.49 it signals scrip can be
sell and on 8th march it is 29.97 it signals scrip can be
pick up.
Price movements shows the share price is less . high
price is 89.85 on 5th apr and low is 73 0n 2nd feb.
AXIS BANK
The average closing price on Apr is 1202.99 which is
more than the moving average which is 1138.35 . thus
it shows the buy signal for the investors (Refer pg
no.39)
On 5th April money flow is 984651398 and on 6th
April money flow is 1010798836 this indicate positive
money flow over the day.
RSI on 10th feb is 86.43 this shows the Scrip can be
sell and RSI on 18th March is 57.08 this is neutral it
may increase or decrease.
The share price of the Axis bank have steady
increasing its share price touches 1286 on 30th Apr .
the scrip of Axis bank is stronger.

5. SUGGESTIONS
The present study on simple moving average applied on
selected scrip of the companys which guides investors to take
investment decision.

66

The relative strength index is used to find the strength and

weakness of particular scrip. Based on this the investor can buy
and sell the shares.
RSI will indicate the signal. And also investor can invest in
securities which involve less risk.
Analysis on Pharmaceutical Sector and Banking Sector reveals
that in Pharmaceutical Sector companys such Ranbaxy , Sun
Pharma and Cipla haves a good Growth so the investors can
invest in these companys .( Refer Pg No 20, 25,26,)

In Banking Sector Axis bank, State Bank of India, and Yes

bank having a good growth the in the market it will give you
satisfied return . So the investors can invest in these
companys. Axis bank gains a steady growth( Refer Pg no 39)

So that investing in banking sector would give the investors

benefit.
Wide price fluctuations are a daily occurrence on the worlds
stock markets as investors react to economic, business and
political events
Markets have been showing extremely erratic movements,
which are in no way tandem with the information that is fed to
the markets
Pharmaceutical sector is witnessing the tremendous which lead
to expand of number of industries
These growth lead the people to invest in the pharmaceutical
companies except some companies like Auro Pharma which
growth is sliding backwards . so people should watch market
updates.

67

Axis bank has been exhibiting very strong growth, bank had a
growth of more than 17% year on year.
In pharmaceutical sector Sun pharma post strong growth with
the launch of Elaxotin. It expect to post 16.6 growth to rs 1322
cr in 2011. so investing in this company may bring a good
return for the investors.
SBI shares moving in steady growth ( Refer Pg no 40) . It
shows good Sign of the company.

6. CONCLUSION

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In India most of the industries requires huge amount of

investment funds are raised through issue of shares. An investor is satisfied from
the reasonable return from investment in shares. Speculation involves higher risks
to get return on the other hand investment involves no such risks and returns will
be fair. The investor should invest in companies by analyzing the growth of the
company. Technical analysis is used to find the growth and weakness of the share.
so this is the duty of the investor to take proper investment decision.
Banking industry and Pharmaceutical sector have fast growth
in near future it because of policies laid by the government and initiative steps
taken by the people. According to the Analyst banking sector set to outperform
the market at average return of 20%. So the investors can get the benefit when
they invested in this sector
An investor can succeed in his investment only when he is able
to select the right shares. The investors should keenly watch the situations like
market price, economy, company progress, returns, and the risk involved in a
share before taking decision on a particular share. This study made will help the
investors know the behavior of share prices and thus can succeed.

BIBLIOGRAPHY

69

1. Punithavathi Pandian, Security Analysis and Portfolio Management,

Vikas
Publishing House, Noida, 5th Edition , 2008.
2. Prasanna Chandra, Financial Management-Theory and Practice, Tata
Mc
Graw Hill, International Edition, 5th edition, 2000.
3. Bhalla V.K., Investment Management, S.Chand & Co Ltd, New
Delhi, 2nd Edition, 1997.
4. Kothari .C.R., Research Methodology, Wishwa Prakashan Publishing,
New Delhi, 1999.
WEBSITES
1. www.nseindia.com
2. www.yahoofinance.com
3. www.moneycontrol.com
4. www.investopedia.com
5. www.bseindia.com
6. www.economictimes.com
7. www.stockweek.com
8. www.cipla.com