Commodity market with marwadi shares & finance ltd by rohit parmarJagriti Sharma
The document is a project report submitted to Pune University on studying the commodity market. It includes an acknowledgement, table of contents, executive summary and introduction on commodity derivatives and risk management tools used in commodity trading. The report was submitted by Rohit Parmar in 2006-2008 as part of his MBA course requirement and was guided by Prof. Mahesh Halale.
Awareness of commodity market a project report on mba financeBabasab Patil
This document provides information about Karvy, a financial services firm in India. It discusses Karvy's history beginning in 1981 as a small group of accountants [1]. Over the past 20 years, Karvy has grown into a premier integrated financial services provider through quality services, innovations, and a focus on customers [2]. Karvy offers a wide range of financial services including stock broking, depository services, distribution of financial products, insurance broking, commodities broking, and more [3].
A STUDY ON FACTOR INFLUENCING CONSUMER BEHAVIOUR WHILE INVESTING IN COMMODITY...Soumendu Subhankar
This document appears to be a project report submitted as part fulfillment for an MBA degree. It discusses factors influencing consumer behavior when investing in commodity markets, specifically gold, in Ventura, India. It begins with an acknowledgment section thanking those who provided guidance and support. It then provides declarations and certificates confirming the report's authenticity and that the work is the student's own. The executive summary overviews that the report will analyze how market volatility affects stock and commodity markets and investors. It will also cover aspects of equity markets to determine if they are a safe investment.
A project report on commodity market with special reference to gold at karvy...Babasab Patil
This document discusses a study of the commodity market with a focus on gold. It provides an overview of Karvy Commodities Broking Limited and the services it offers. The study examines the gold commodity futures market in India, how it works, and the participants involved. It analyzes the impact of the spot gold market on future gold prices and the various economic factors that affect gold future prices. The study finds a positive correlation between spot and future gold prices. It suggests that Karvy provide more awareness and education on commodity trading to investors in order to attract more customers.
A project report on commodity futures and awareness level of commodity market...Babasab Patil
The document provides information about a project report on commodity futures and the awareness level of the commodity market at Geojit Financial Service Ltd. in Bangalore. It discusses commodity derivatives like futures, forwards, options, and swaps. It finds that most customers prefer to invest in commodities like gold, silver, and crude oil due to higher returns but are not fully aware of how the commodity market works. The objectives are to understand the commodity market and futures contracts, study pricing, find awareness levels, and potential customers. It conducted surveys in Bangalore and found that deciding prices using formulas can be inaccurate and more awareness is needed among farmers and investors.
This document is a summer training project report submitted by Abhishek Sukhwal for their MBA program. The report focuses on studying commodity markets in India. It includes an introduction to commodity markets, definitions of commodities, the need for commodity markets in India, descriptions of major commodity exchanges in the country like NCDEX, MCX, and NMCEIL. The report consists of chapters on commodity futures contracts, commodity trading, participants in commodity markets, and the regulatory framework for commodity trading in India. It aims to analyze commodity markets and provide conclusions and recommendations.
Summer intern Project "Study on Commodity Trading and Investments"chezhiang
The study and analysis that involves:
•concepts of commodities trading in india.
•various trends in commodity trading investments.
•role of commodities in indian financial markets.
•present situation of the commodities in indian market and suggest for any improvements thereafter.
This document is a presentation on a study of the commodity market in Arihant Capital Market Ltd. It includes an introduction to financial markets and commodities. It discusses the objectives of studying customers' perceptions of commodity trading. Research methodology included a survey of 200 respondents in Ahmedabad on their commodity investment habits and preferences. Key findings were that most monitor investments monthly/daily, prefer short-term trading, and invest between Rs. 200,000-400,000 income. Most respondents had a graduate degree. In conclusion, commodity investing provides higher returns than banking but is also higher risk.
Commodity market with marwadi shares & finance ltd by rohit parmarJagriti Sharma
The document is a project report submitted to Pune University on studying the commodity market. It includes an acknowledgement, table of contents, executive summary and introduction on commodity derivatives and risk management tools used in commodity trading. The report was submitted by Rohit Parmar in 2006-2008 as part of his MBA course requirement and was guided by Prof. Mahesh Halale.
Awareness of commodity market a project report on mba financeBabasab Patil
This document provides information about Karvy, a financial services firm in India. It discusses Karvy's history beginning in 1981 as a small group of accountants [1]. Over the past 20 years, Karvy has grown into a premier integrated financial services provider through quality services, innovations, and a focus on customers [2]. Karvy offers a wide range of financial services including stock broking, depository services, distribution of financial products, insurance broking, commodities broking, and more [3].
A STUDY ON FACTOR INFLUENCING CONSUMER BEHAVIOUR WHILE INVESTING IN COMMODITY...Soumendu Subhankar
This document appears to be a project report submitted as part fulfillment for an MBA degree. It discusses factors influencing consumer behavior when investing in commodity markets, specifically gold, in Ventura, India. It begins with an acknowledgment section thanking those who provided guidance and support. It then provides declarations and certificates confirming the report's authenticity and that the work is the student's own. The executive summary overviews that the report will analyze how market volatility affects stock and commodity markets and investors. It will also cover aspects of equity markets to determine if they are a safe investment.
A project report on commodity market with special reference to gold at karvy...Babasab Patil
This document discusses a study of the commodity market with a focus on gold. It provides an overview of Karvy Commodities Broking Limited and the services it offers. The study examines the gold commodity futures market in India, how it works, and the participants involved. It analyzes the impact of the spot gold market on future gold prices and the various economic factors that affect gold future prices. The study finds a positive correlation between spot and future gold prices. It suggests that Karvy provide more awareness and education on commodity trading to investors in order to attract more customers.
A project report on commodity futures and awareness level of commodity market...Babasab Patil
The document provides information about a project report on commodity futures and the awareness level of the commodity market at Geojit Financial Service Ltd. in Bangalore. It discusses commodity derivatives like futures, forwards, options, and swaps. It finds that most customers prefer to invest in commodities like gold, silver, and crude oil due to higher returns but are not fully aware of how the commodity market works. The objectives are to understand the commodity market and futures contracts, study pricing, find awareness levels, and potential customers. It conducted surveys in Bangalore and found that deciding prices using formulas can be inaccurate and more awareness is needed among farmers and investors.
This document is a summer training project report submitted by Abhishek Sukhwal for their MBA program. The report focuses on studying commodity markets in India. It includes an introduction to commodity markets, definitions of commodities, the need for commodity markets in India, descriptions of major commodity exchanges in the country like NCDEX, MCX, and NMCEIL. The report consists of chapters on commodity futures contracts, commodity trading, participants in commodity markets, and the regulatory framework for commodity trading in India. It aims to analyze commodity markets and provide conclusions and recommendations.
Summer intern Project "Study on Commodity Trading and Investments"chezhiang
The study and analysis that involves:
•concepts of commodities trading in india.
•various trends in commodity trading investments.
•role of commodities in indian financial markets.
•present situation of the commodities in indian market and suggest for any improvements thereafter.
This document is a presentation on a study of the commodity market in Arihant Capital Market Ltd. It includes an introduction to financial markets and commodities. It discusses the objectives of studying customers' perceptions of commodity trading. Research methodology included a survey of 200 respondents in Ahmedabad on their commodity investment habits and preferences. Key findings were that most monitor investments monthly/daily, prefer short-term trading, and invest between Rs. 200,000-400,000 income. Most respondents had a graduate degree. In conclusion, commodity investing provides higher returns than banking but is also higher risk.
This document discusses a study conducted on commodity markets at Sharekhan Financial Services Limited in Hyderabad, India. It focuses on the markets for gold, silver, and copper. The study found that gold prices depend on the US dollar, with prices rising when the dollar falls and falling when the dollar rises. Silver prices closely track gold prices, increasing by 10 ticks when gold rises by 1 tick and decreasing by 11 ticks when gold falls by 1 tick. Copper prices purely depend on supply and demand factors. The study concludes that gold is a better long-term investment than silver or copper due to its closer relationship with currency markets.
Perception of derivatives @ smc investment project reportBabasab Patil
This document provides a summary of a study conducted on investors' perceptions of derivative products in Hubli City. Key findings from the study include:
1) Around 50% of people surveyed in Hubli were unaware of derivatives.
2) Risk, returns, and volatility were the main factors investors considered when investing in derivatives.
3) While derivatives were seen as potentially high returning, they were also viewed as volatile and risky investments.
The document concludes by suggesting ways for SMC Investment Solutions & Services to increase awareness of derivatives in Hubli in order to gain more investors, such as educational seminars and maintaining ongoing contact with customers.
A project report on a study on derivatives in volatile market conditionBabasab Patil
This document provides an overview of a study on the use of derivatives in volatile market conditions. It begins with an abstract stating that the study identifies volatile and stable securities, compares them to market performance, and proposes derivative strategies and payoff calculations for the volatile market. It then provides background information on Stock Holding Corporation of India, including its profile, products, and services. The remainder of the document outlines the various sections that will be covered in the study, including definitions of derivatives, characteristics of volatile markets, methods for identifying volatile securities, comparing securities to the market, derivative strategies, and calculations.
This document is a dissertation report submitted to Uttarakhand Technical University by Gaurav Pandey on the topic of "Study of Derivatives Market in India". The report includes an introduction to the financial services industry and derivatives markets. It discusses the objectives of studying derivatives to analyze futures and options operations and understand how derivatives can help manage risks. The report will analyze profits and losses in cash and derivatives markets and the role of derivatives in the Indian financial market.
This document provides an overview of a project report submitted by Lucy Chatterjee to MAEER's MIT School of Business on a comparative analysis of the equity and derivatives markets. The report includes an introduction on the background and history of the Bombay Stock Exchange, Religare's company profile and competitive advantages, objectives and methodology of the study. It also outlines the contents which discuss data analysis of equity benefits, risks and types of margins. The report compares futures, forwards and options, and provides findings on practical situations and a comparative analysis of traded values in the F&O and cash segments.
Research project report on investors perception towards derivative marketMaqbool Ahmad
This document provides information about India Infoline Pvt. Ltd., including:
- It describes the company's vision, values, business strategy, and customer strategy.
- The company offers a range of financial services including financing, wealth management, asset management, broking, and investment banking.
- It has a presence across India with over 2,500 locations and aims to serve retail customers as well as small and medium enterprises.
Finance project report on a study on financial derivatives ...Mba projects free
This document is a study on financial derivatives (futures and options) submitted for a Master's degree in Business Administration. It discusses the emergence and growth of derivatives markets as a way for economic agents to hedge against price risks. Derivatives derive their value from an underlying asset and are used by banks, firms, and investors for hedging, speculation, and arbitrage. The main types of derivatives are futures, options, warrants, LEAPS, baskets, and swaps. The study analyzes derivatives trading in India and examines how it impacts market volatility.
This document is a project report submitted by Nikita J. Balai to Savitribai Phule Pune University for her Masters in Business Administration. The report studies the derivatives market in India, with a focus on NG Rathi Investrades Pvt. Ltd. It includes an introduction to derivatives, the history and development of stock markets and the financial services industry in India, and an overview of the capital markets. The report also covers a literature review, research methodology, data analysis, findings, conclusions and recommendations.
This document is a project report submitted by Harshita Bansal to fulfill the requirements of a Bachelor of Business Administration degree. The report analyzes online trading and stock markets with reference to Sharekhan. It includes an introduction to stock markets and online trading, the objectives of the research, the methodology used, and planned chapters on the company profile, data analysis and interpretation, and conclusions and recommendations. The document is certified by the project supervisors and includes an acknowledgment of their guidance.
Study of customer behaviour towards equity & derivative marketNamita Garg
This 3 sentence summary provides an overview of the company profile document:
Angel Broking is a leading retail financial services company in India that offers equities, derivatives, and other financial products. It has over 250 share shops across 115 cities in India and provides online and offline brokerage services. The document outlines Angel Broking's history, management team, products and services, competitors, and some key milestones such as awards received and growth in trading accounts over time.
A study on equity & equity derivative indian securities marketYashmin Revawala
*EQUITY:
1. Selection of Stocks using the 10 steps Process
2. Comparison of return on stocks and NIFTY BeES
3. Using Portfolio Management for increasing the return on investment
*EQUITY DERIVATIVE:
1. The impact of cash market segment on derivative market using settlement price and the value of underlying equity.
2. Predicting the cash market index (CNX NIFTY) & underlying index (FUTIDX NIFTY) using PIVOT POINT Method
This document provides an overview of Swastika Investmart Ltd., a stock broking and financial services company based in India. It details the company's vision, mission, leadership team, services offered including stock broking, derivatives, commodities, currency, and depository services. The summary highlights the company's growth over time in obtaining memberships in various exchanges and expanding its service offerings and client base to become a leading financial services provider in India with over 250 employees and 30 branches nationwide.
This document provides information about Marwadi Shares and Finance Pvt. Ltd. (MSFPL), including its establishment in 1991, branches across Gujarat, and services offered such as stock broking, depository services, insurance, and mutual funds. MSFPL has over 3000 clients, 27 branches, and aims to maximize client wealth through quality financial services and advanced technologies. The document outlines MSFPL's timekeeping policies, gate pass security system, and an overview of its first and second floor service departments.
A project on analysis of derivatives and stock broking at apollo sindhooriBabasab Patil
This document provides an analysis of derivatives and stock broking at Apollo Sindhoori Capital Investment Ltd. It discusses derivatives such as futures and options, and the role of stock broking in the capital market. It also describes ASCI Computer Share Private Ltd., a joint venture that provides registry management services. The objectives of the analysis are to understand derivatives products and trading, the stock broking process, and the services offered by ASCI. Methodology includes collecting primary data from ASCI clients and secondary data from websites, magazines and newspapers.
Power Point Presentation on "A study on equity & equity derivative - Indian s...Yashmin Revawala
*EQUITY:
1. Selection of Stocks using the 10 steps Process
2. Comparison of return on stocks and NIFTY BeES
3. Using Portfolio Management for increasing the return on investment
*EQUITY DERIVATIVE:
1. The impact of cash market segment on derivative market using settlement price and the value of underlying equity.
2. Predicting the cash market index (CNX NIFTY) & underlying index (FUTIDX NIFTY) using PIVOT POINT Method
The document discusses a report submitted by Yogesh Moule on the fundamentals of derivatives with a focus on currency derivatives. It includes declarations signed by Yogesh and his mentor certifying the project's authenticity and that it fulfills requirements for Yogesh's PGDM program at Indus Business Academy. The report also provides information on Religare Securities Limited where Yogesh completed his summer internship project.
The document provides an overview of derivatives and their development in the Indian market. It discusses various types of derivative instruments traded in India, including futures, forwards, options, and swaps. It outlines the key users of derivatives in India, with retail investors being major participants in equity derivatives markets while financial institutions are more active in over-the-counter fixed income markets. The document also provides definitions and examples of common derivative contract types such as forwards, futures, options, and swaps.
This project report summarizes a study on the currency futures market in India conducted by two MBA students, Milan Adodariya and Khima Goraniya, at Anagram Capital as part of their summer training. The report includes an introduction, literature review, research methodology, data collection and analysis sections. It also provides an overview of the foreign exchange market, history of currency futures in India, company and industry profiles, findings from surveys conducted, and conclusions.
The document is a report comparing the broking services provided by Indian banks. It finds that the National Stock Exchange and Bombay Stock Exchange are the largest stock exchanges in India. SMC Global Securities is one of the largest brokerage firms in India, offering online trading across various exchanges. The report analyzes SMC's products and services and compares it to competitors like ICICI Direct and HDFC Securities. It surveys investors and finds that most prefer NSE and BSE, with equity being the most popular security. SMC has an advantage over rivals due to its long experience and not requiring margins for trading.
The document is a project report on capital markets submitted for an MBA degree. It discusses the capital market in India with a focus on the Ludhiana Stock Exchange. It includes sections on the history and governance of the Ludhiana Stock Exchange, the types of capital markets, factors affecting capital markets, and investor services provided by the exchange such as educational initiatives and investor awareness seminars.
The document discusses commodity markets in India. It provides background on the history and development of commodity exchanges in India, including some of the earliest organized futures markets in cotton, oilseeds, and wheat dating back to the late 19th century. It then describes the major participants in commodity markets, including hedgers who use futures markets to manage price risk, speculators who trade based on price expectations, and arbitrageurs.
Flevy.com - World's First Research Report-cum-Financial ModelDavid Tracy
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/Research-Report-cum-Financial-Model-121
Description:
Multi Commodity Exchange of India Ltd. operates MCX, India's leading commodity futures exchange, and has recently going public.
We are a firm of independent analysts based in Mumbai, India. Our research is truly independent, since we are not affiliated with any i-bank.
We introduce herewith a new presentation format - 'Fusion of a Research Report and a Financial Model' - 'possibly' for the first time in the global research community. Please excuse us, if you've seen a similar format earlier! Please refer the Disclaimer sheet.
This research report-cum-financial model contains a wealth of information about commodity futures exchanges as an industry, the regulatory environment in India, trading volumes, business model, strengths, financials and earnings estimates of MCX, and global peer financial highlights and valuations. This document is an unlocked spreadsheet and is print-ready.
Bonus: our proprietary 'IPO Analysis Checklist' is included.
We believe this report-cum-customizable model will remain relevant all the time, and across geographies. Just plug in the current stock price, make changes in underlying assumptions and arrive at your own earnings estimates and valuations, incl. DCF, and your own target price!
This report cum model can be used as a template by US based investors / analysts tracking commodity futures exchanges, such as ICE and CBOE.
This document discusses a study conducted on commodity markets at Sharekhan Financial Services Limited in Hyderabad, India. It focuses on the markets for gold, silver, and copper. The study found that gold prices depend on the US dollar, with prices rising when the dollar falls and falling when the dollar rises. Silver prices closely track gold prices, increasing by 10 ticks when gold rises by 1 tick and decreasing by 11 ticks when gold falls by 1 tick. Copper prices purely depend on supply and demand factors. The study concludes that gold is a better long-term investment than silver or copper due to its closer relationship with currency markets.
Perception of derivatives @ smc investment project reportBabasab Patil
This document provides a summary of a study conducted on investors' perceptions of derivative products in Hubli City. Key findings from the study include:
1) Around 50% of people surveyed in Hubli were unaware of derivatives.
2) Risk, returns, and volatility were the main factors investors considered when investing in derivatives.
3) While derivatives were seen as potentially high returning, they were also viewed as volatile and risky investments.
The document concludes by suggesting ways for SMC Investment Solutions & Services to increase awareness of derivatives in Hubli in order to gain more investors, such as educational seminars and maintaining ongoing contact with customers.
A project report on a study on derivatives in volatile market conditionBabasab Patil
This document provides an overview of a study on the use of derivatives in volatile market conditions. It begins with an abstract stating that the study identifies volatile and stable securities, compares them to market performance, and proposes derivative strategies and payoff calculations for the volatile market. It then provides background information on Stock Holding Corporation of India, including its profile, products, and services. The remainder of the document outlines the various sections that will be covered in the study, including definitions of derivatives, characteristics of volatile markets, methods for identifying volatile securities, comparing securities to the market, derivative strategies, and calculations.
This document is a dissertation report submitted to Uttarakhand Technical University by Gaurav Pandey on the topic of "Study of Derivatives Market in India". The report includes an introduction to the financial services industry and derivatives markets. It discusses the objectives of studying derivatives to analyze futures and options operations and understand how derivatives can help manage risks. The report will analyze profits and losses in cash and derivatives markets and the role of derivatives in the Indian financial market.
This document provides an overview of a project report submitted by Lucy Chatterjee to MAEER's MIT School of Business on a comparative analysis of the equity and derivatives markets. The report includes an introduction on the background and history of the Bombay Stock Exchange, Religare's company profile and competitive advantages, objectives and methodology of the study. It also outlines the contents which discuss data analysis of equity benefits, risks and types of margins. The report compares futures, forwards and options, and provides findings on practical situations and a comparative analysis of traded values in the F&O and cash segments.
Research project report on investors perception towards derivative marketMaqbool Ahmad
This document provides information about India Infoline Pvt. Ltd., including:
- It describes the company's vision, values, business strategy, and customer strategy.
- The company offers a range of financial services including financing, wealth management, asset management, broking, and investment banking.
- It has a presence across India with over 2,500 locations and aims to serve retail customers as well as small and medium enterprises.
Finance project report on a study on financial derivatives ...Mba projects free
This document is a study on financial derivatives (futures and options) submitted for a Master's degree in Business Administration. It discusses the emergence and growth of derivatives markets as a way for economic agents to hedge against price risks. Derivatives derive their value from an underlying asset and are used by banks, firms, and investors for hedging, speculation, and arbitrage. The main types of derivatives are futures, options, warrants, LEAPS, baskets, and swaps. The study analyzes derivatives trading in India and examines how it impacts market volatility.
This document is a project report submitted by Nikita J. Balai to Savitribai Phule Pune University for her Masters in Business Administration. The report studies the derivatives market in India, with a focus on NG Rathi Investrades Pvt. Ltd. It includes an introduction to derivatives, the history and development of stock markets and the financial services industry in India, and an overview of the capital markets. The report also covers a literature review, research methodology, data analysis, findings, conclusions and recommendations.
This document is a project report submitted by Harshita Bansal to fulfill the requirements of a Bachelor of Business Administration degree. The report analyzes online trading and stock markets with reference to Sharekhan. It includes an introduction to stock markets and online trading, the objectives of the research, the methodology used, and planned chapters on the company profile, data analysis and interpretation, and conclusions and recommendations. The document is certified by the project supervisors and includes an acknowledgment of their guidance.
Study of customer behaviour towards equity & derivative marketNamita Garg
This 3 sentence summary provides an overview of the company profile document:
Angel Broking is a leading retail financial services company in India that offers equities, derivatives, and other financial products. It has over 250 share shops across 115 cities in India and provides online and offline brokerage services. The document outlines Angel Broking's history, management team, products and services, competitors, and some key milestones such as awards received and growth in trading accounts over time.
A study on equity & equity derivative indian securities marketYashmin Revawala
*EQUITY:
1. Selection of Stocks using the 10 steps Process
2. Comparison of return on stocks and NIFTY BeES
3. Using Portfolio Management for increasing the return on investment
*EQUITY DERIVATIVE:
1. The impact of cash market segment on derivative market using settlement price and the value of underlying equity.
2. Predicting the cash market index (CNX NIFTY) & underlying index (FUTIDX NIFTY) using PIVOT POINT Method
This document provides an overview of Swastika Investmart Ltd., a stock broking and financial services company based in India. It details the company's vision, mission, leadership team, services offered including stock broking, derivatives, commodities, currency, and depository services. The summary highlights the company's growth over time in obtaining memberships in various exchanges and expanding its service offerings and client base to become a leading financial services provider in India with over 250 employees and 30 branches nationwide.
This document provides information about Marwadi Shares and Finance Pvt. Ltd. (MSFPL), including its establishment in 1991, branches across Gujarat, and services offered such as stock broking, depository services, insurance, and mutual funds. MSFPL has over 3000 clients, 27 branches, and aims to maximize client wealth through quality financial services and advanced technologies. The document outlines MSFPL's timekeeping policies, gate pass security system, and an overview of its first and second floor service departments.
A project on analysis of derivatives and stock broking at apollo sindhooriBabasab Patil
This document provides an analysis of derivatives and stock broking at Apollo Sindhoori Capital Investment Ltd. It discusses derivatives such as futures and options, and the role of stock broking in the capital market. It also describes ASCI Computer Share Private Ltd., a joint venture that provides registry management services. The objectives of the analysis are to understand derivatives products and trading, the stock broking process, and the services offered by ASCI. Methodology includes collecting primary data from ASCI clients and secondary data from websites, magazines and newspapers.
Power Point Presentation on "A study on equity & equity derivative - Indian s...Yashmin Revawala
*EQUITY:
1. Selection of Stocks using the 10 steps Process
2. Comparison of return on stocks and NIFTY BeES
3. Using Portfolio Management for increasing the return on investment
*EQUITY DERIVATIVE:
1. The impact of cash market segment on derivative market using settlement price and the value of underlying equity.
2. Predicting the cash market index (CNX NIFTY) & underlying index (FUTIDX NIFTY) using PIVOT POINT Method
The document discusses a report submitted by Yogesh Moule on the fundamentals of derivatives with a focus on currency derivatives. It includes declarations signed by Yogesh and his mentor certifying the project's authenticity and that it fulfills requirements for Yogesh's PGDM program at Indus Business Academy. The report also provides information on Religare Securities Limited where Yogesh completed his summer internship project.
The document provides an overview of derivatives and their development in the Indian market. It discusses various types of derivative instruments traded in India, including futures, forwards, options, and swaps. It outlines the key users of derivatives in India, with retail investors being major participants in equity derivatives markets while financial institutions are more active in over-the-counter fixed income markets. The document also provides definitions and examples of common derivative contract types such as forwards, futures, options, and swaps.
This project report summarizes a study on the currency futures market in India conducted by two MBA students, Milan Adodariya and Khima Goraniya, at Anagram Capital as part of their summer training. The report includes an introduction, literature review, research methodology, data collection and analysis sections. It also provides an overview of the foreign exchange market, history of currency futures in India, company and industry profiles, findings from surveys conducted, and conclusions.
The document is a report comparing the broking services provided by Indian banks. It finds that the National Stock Exchange and Bombay Stock Exchange are the largest stock exchanges in India. SMC Global Securities is one of the largest brokerage firms in India, offering online trading across various exchanges. The report analyzes SMC's products and services and compares it to competitors like ICICI Direct and HDFC Securities. It surveys investors and finds that most prefer NSE and BSE, with equity being the most popular security. SMC has an advantage over rivals due to its long experience and not requiring margins for trading.
The document is a project report on capital markets submitted for an MBA degree. It discusses the capital market in India with a focus on the Ludhiana Stock Exchange. It includes sections on the history and governance of the Ludhiana Stock Exchange, the types of capital markets, factors affecting capital markets, and investor services provided by the exchange such as educational initiatives and investor awareness seminars.
The document discusses commodity markets in India. It provides background on the history and development of commodity exchanges in India, including some of the earliest organized futures markets in cotton, oilseeds, and wheat dating back to the late 19th century. It then describes the major participants in commodity markets, including hedgers who use futures markets to manage price risk, speculators who trade based on price expectations, and arbitrageurs.
Flevy.com - World's First Research Report-cum-Financial ModelDavid Tracy
This is a partial preview of the document found here:
https://flevy.com/browse/business-document/Research-Report-cum-Financial-Model-121
Description:
Multi Commodity Exchange of India Ltd. operates MCX, India's leading commodity futures exchange, and has recently going public.
We are a firm of independent analysts based in Mumbai, India. Our research is truly independent, since we are not affiliated with any i-bank.
We introduce herewith a new presentation format - 'Fusion of a Research Report and a Financial Model' - 'possibly' for the first time in the global research community. Please excuse us, if you've seen a similar format earlier! Please refer the Disclaimer sheet.
This research report-cum-financial model contains a wealth of information about commodity futures exchanges as an industry, the regulatory environment in India, trading volumes, business model, strengths, financials and earnings estimates of MCX, and global peer financial highlights and valuations. This document is an unlocked spreadsheet and is print-ready.
Bonus: our proprietary 'IPO Analysis Checklist' is included.
We believe this report-cum-customizable model will remain relevant all the time, and across geographies. Just plug in the current stock price, make changes in underlying assumptions and arrive at your own earnings estimates and valuations, incl. DCF, and your own target price!
This report cum model can be used as a template by US based investors / analysts tracking commodity futures exchanges, such as ICE and CBOE.
This document provides an introduction to commodity markets, including definitions of key terms like "commodity" and "commodity futures." It discusses the history and evolution of commodity markets, which began with trading of "rice tickets" in Japan and later developed into organized futures trading in Chicago in 1848. The document outlines the objectives and benefits of commodity futures markets, such as price discovery, price risk management, import/export competitiveness, and improved access to credit. Overall, it serves as a high-level overview of what commodity markets are and how they function.
100830724 project-on-commodity-market-vishnu-mantriRushabh Shah
The document provides an overview of commodity markets, including:
1. It defines key terms like commodity, commodity exchange, and commodity futures. Commodities are standardized goods or products that are traded, while a commodity exchange facilitates futures trading in licensed commodities.
2. It outlines the history and evolution of commodity markets, tracing their origins to organized trading of rice tickets in Japan in the 1800s and futures trading of wheat in Chicago in 1848.
3. It discusses the development of commodity markets in India, including futures trading of cotton starting in 1875, as well as the banning of some derivatives after independence in 1952.
This document is a report on international business written by Ranbir Kumar Singh for his PGDM program at the International School of Management in Patna, India. It begins with an acknowledgements section thanking faculty members. The content section outlines nine chapters covering topics in international business including the cultural, economic, political, and legal environments. Chapter 1 defines international business and compares it to domestic business. It also discusses the reasons for studying international business and the major driving and restricting forces. Subsequent chapters cover specific aspects of the cultural environment and its components.
The document provides an introduction to commodity futures markets. It defines key terms related to commodity trading such as futures contracts, arbitrage, contango, clearinghouses. It also summarizes the history and development of commodity markets in India, including the present regulatory structure with the Forward Markets Commission overseeing three national commodity exchanges.
Live on Sa Neter TV - The Mdu Ntr for Intellectual Warfare by Bro. Reggie. This presentation is a short guide on reading the Ancient Egyptian Mdu Ntr based on a lecture on Sa Neter TV
A STUDY ON CUSTOMER’S SATISFACTION MARKS CARGO PRIVATE LIMITED - 2Yogesh Santhan
This study entitled “A STUDY ON CUSTOMER’S SATISFACTION AT MARKS CARGO PRIVATE LIMITED, PONDICHERRY” is based on the services provided such as experience and opinion of the customers. By using their feedback it enables to determine the effectiveness.
This project explains ways in which customers feedback to implement the changes in the process can be used in long run. The primary data was collected from 54 customers from various industry sectors. The collected data were analyzed and it’s found that majority of them were aware and satisfied with the current services and have participated also. They suggest that certain aspects of the services and its process could be redefined and they should be updated based on the feedback of the customers towards it.
The study not only projects the current status of organization service process but also serves as a stepping stone to remedial measure for MARKS CARGO PRIVATE LIMITED.
This document appears to be a project report submitted for a Master's degree program. It includes sections on the introduction, objectives, need, scope and methodology of the study. The study focuses on analyzing the banking sector in India through fundamental analysis of three major banks - ICICI Bank, HDFC Bank and Axis Bank. The analysis will cover the past performance and growth of the banking sector and companies over the last five years. Key factors like the economy, industry trends and company financials will be examined to suggest the best stock for investors. The report outlines the structure and limitations of the study.
This document is an internship report submitted by MD. Sadid Al Saharea to the ULAB School of Business in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report provides a case study of the foreign exchange operations of Mutual Trust Bank Ltd, where the author completed their internship. The report includes an introduction outlining the objectives and methodology, a review of relevant theoretical concepts, an analysis of MTB's foreign exchange performance and operations based on the author's experience and findings from their internship, and concluding recommendations. Foreign exchange is an important business line for MTB, facilitating import, export, and remittances to aid economic growth and development.
This document provides an overview of international business concepts including:
1. Definitions of international business and the process of internationalization from domestic to global levels.
2. Key drivers of globalization including costs, technology, government policies, and competition.
3. Common approaches to international business such as ethnocentric, regiocentric, geocentric, and polycentric orientations.
4. Important theories of international trade including absolute advantage, comparative advantage, and the Heckscher-Ohlin theory.
This document contains a list of 133 potential MBA project topics. The topics cover a wide range of business subjects including marketing, finance, human resources, operations management, and more. Some of the topics listed include customer satisfaction studies, investment pattern analyses, brand analyses, capital structure analyses, and export/import procedures. The list provides students with many options for choosing an MBA project on an area of business that interests them.
INTERNSHIP ON EXPORT-IMPORT PROCEDURES AT MARKS CARGO PRIVATE LIMITED, PUDUCH...Yogesh Santhan
Every student of MBA : International Business shall
undergo Internship training
during the Third Semester of the programme. This Internship shall be for 2 days (Frid
ays &
Saturdays) in all the weeks of the entire Third Semester. During this Internship, every student
should attach himself/ herself with any organization carrying on any type of international
operations or transactions. The objective of the Internship t
raining is to give the students a hands
-
on experience of real life business operations. At the end of the Third Semester, each student
should submit an Internship Training Report explaining clearly what each student has learnt
during the Internship period
. The Internship Report and the Viva
-
Voce Examination will be
evaluated by the internal Faculty Guide.
A PROJECT REPORT ON EXPORT PROCESS AND DOCUMENTATIONSagar Anand
This document is a project report on export process and documentation submitted by Sagar Anand to Pillai's Institute of Management Studies & Research in partial fulfillment of the PGDM in International Business program for the academic year 2008-2010 under the guidance of Dr. R. Chandran. The report covers the cover page, acknowledgements, guide certificate, index, and introduction sections. It provides a high-level overview of the objectives and methodology used in the research project on understanding the export process and documentation at Committed Cargo Pvt. Ltd. where the author interned.
A study of investors opinion about on line tradingcase of m soll ltd.Rana Ratnakar
This document is a dissertation submitted for a Master's degree in business administration. It discusses conducting a study on investors' opinions about online stock trading using the company M-SOLL Ltd as a case study. The dissertation includes an introduction, objectives of the study, research methodology, company profile of M-SOLL Ltd, an overview of the Indian stock market, descriptions of the National Stock Exchange and Bombay Stock Exchange, and an outline of the contents which will analyze online trading, marketing strategies, competitors, findings, and conclusions.
This document is a project report submitted by Shelly Jumba to Punjab Technical University in partial fulfillment of an MBA degree. It discusses conducting a project on capital markets under the guidance of lecturer Shivani Jagneja. The project report includes an acknowledgement, preface, and index outlining the various sections to be included. The focus of the project is on analyzing capital markets in India.
This document is a project report submitted by Shelly Jumba to Punjab Technical University in partial fulfillment of an MBA degree. It discusses a project on capital markets. The report includes a guide certificate, declaration, acknowledgements, preface, and index. Shelly Jumba conducted research on capital markets under the supervision of lecturer Shivani Jagneja.
This document is a project report submitted by Shelly Jumba to Punjab Technical University in partial fulfillment of an MBA degree. It discusses conducting a project on capital markets under the guidance of lecturer Shivani Jagneja. The project report includes an index, introduction on capital markets, acknowledgements, preface, and sections on the debt market and stock exchange.
This document is a project report submitted by Shelly Jumba to Punjab Technical University in partial fulfillment of an MBA degree. It discusses conducting a project on capital markets under the guidance of lecturer Shivani Jagneja. The project report includes an acknowledgement of those who provided assistance, as well as a preface and index outlining the contents of the report.
COMMODITY FUTURES AS AN INVESTMENT AVENUEAditya Arora
A report on the growth of the commodity futures market has been significant in terms of both network and volume since the inception of the market about a decade ago. At present, there is a two-level formation for Commodity Exchanges in India: Regional and Country-Wide. The regional exchanges are permitted to trade in restricted commodities (which are clearly specified for each regional exchange) and their membership is local. On the other hand, the countrywide exchanges are electronic with demutualized ownership and offer a wide bouquet of contracts for trading purposes. The three premier countrywide commodity exchanges in India are MCX (Multi Commodity Exchange), NMCE (National Multi Commodity Exchange) and NCDEX (National Commodities and Derivatives Exchange). The MCX occupies over 80% of the market share in India and finds its place in the top ten commodity exchanges in the world.
This document is a summer training report submitted by Sania Kamra, a student of GNA-IMT Phagwara, in partial fulfillment of an MBA degree. The report focuses on analyzing India's financial markets from various perspectives. It includes an introduction to key terms like capital market, money market, derivatives market, and stock exchanges in India. The report also provides an overview of India Infoline as the company where the training took place, including details about its history, products/services, challenges, and performance highlights. Research methodology and data analysis sections are also included.
This document is a summer training report submitted by Sania Kamra, a student of GNA-IMT Phagwara, in partial fulfillment of an MBA degree. The report focuses on analyzing India's financial markets from various perspectives. It includes an introduction to key terms like capital market, money market, derivatives market, and stock exchanges in India. The report also provides an overview of India Infoline as the company where the training took place, including details about its history, products/services, challenges, and performance highlights. Research methodology and data analysis sections are also included.
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A study on investor awareness towards online tradingpradeep kumar
This document discusses a study on investor awareness towards online trading at Religare Securities Pvt Ltd in Hyderabad. It provides details about the project such as it was conducted to fulfill the requirements for a Master of Business Administration degree from Jawaharlal Nehru Technological University. The project was guided by Dr. U. Raghavendra Prasad and submitted to the Department of Management Studies at Madanapalle Institute of Technology & Science. The document includes an introduction to online trading, primary and secondary markets, stock exchanges, and types of orders in the stock market.
This document is a summer training project report submitted by Rahul Jajoo to the Department of Management Studies at Swami Keshvanand Institute of Technology, Management & Gramothan in Jaipur, India from 2008-2010. The report studies fluctuations in the Indian stock market over a two year period. It includes sections on research methodology, a core study of stock markets and related concepts, a SWOT analysis, conclusions, and bibliography. The objective is to help investors understand market trends and factors affecting stock prices to make informed investment decisions.
This document is a summer training project report submitted to the Department of Management Studies at Swami Keshvanand Institute of Technology, Management & Gramothan in Jaipur, India. It examines fluctuations in the Indian stock market over a two-year period from 2008 to 2010. The report includes an introduction, research methodology, core study, SWOT analysis, conclusion, and bibliography. The objective is to understand market trends and provide information to help future investors.
Use of IT as an enabler to aggregate all industry members for the overall ben...Mtlexs.com
Mtlexs presentation on "Use of IT as an enabler to aggregate all industry members for the overall benefit of the Industry" at World Of Metal 2015 held on 14th September'15 at Bombay Exhibition Center, Goregaon, Mumbai.
Summer training project report on fluctuation of indian stock marketshailehpalrecha
This document is a summer training project report submitted by Rahul Jajoo to the Rajasthan Technical University. The report studies the fluctuations of the Indian stock market over the past two years under the supervision of Prabath Financial Services Limited. The objective is to understand the factors affecting stock prices and market trends to help investors make informed decisions. The report includes research methodology, analysis of market fluctuations, and conclusions about how this impacts the Indian economy.
The document is a report submitted by Mayank Pandey to the Bank of Baroda as part of a summer training project on studying the Indian stock market. It includes sections on the research methodology used, an overview of key entities like SEBI and stock exchanges, current trends in the Indian economy and stock market, analysis of foreign exchange and commodity markets, and a conclusion with suggestions. The report provides information on the structure and functioning of the Indian capital markets for new investors.
This document is a project report submitted as part of an MMS program. It analyzes the telecom sector of the Indian economy through equity research. The project was guided by Prof. Mayur Malviya and conducted during an internship at BMA Wealth Creators Ltd. The report includes an executive summary, introduction, history of the organization, basic concepts of equity analysis including fundamental and technical analysis, and a live study of stock charts. The objective is to analyze telecom companies, assess their viability as investments, estimate future performance, and determine appropriate investment positions.
Commodity market with marwadi shares & finance ltd by rohit parmartrishasohal
This document provides a project report on studying the commodity market. It includes an acknowledgement, table of contents, and executive summary. The objective of the project report is to analyze the views of commodity traders and understand the process of future commodity trading in India. The scope is analyzing the trading patterns and investment patterns of commodity traders in the local area of Rajkot city. The introduction discusses commodity price instability in India and various risk management instruments used in commodity exchanges and markets like forwards, futures, options, and swaps. The company profile section provides details about Marwadi Shares & Finance Ltd., including their vision to be a world-class financial services group.
In this paper, we will discuss in detail the SWOT analysis of E-Commerce, which will include concepts of
strengths, weaknesses, opportunities, and threats that the E-Commerce industry faces in the current situation
This document is a project report on online trading submitted by Mr. Ajay Singh for his Bachelor's degree. The report covers various aspects of online trading such as its history, key players in India, depository systems like NSDL and CDSL, and a case study comparison of icicidirect.com and sharekhan.com. The objective of the report is to provide an overview of the emerging trend of online trading in India and how it has revolutionized stock market operations through use of technology.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Dr. Alyce Su Cover Story - China's Investment Leader
Commodity (gold m) projoject 13 15 ramanjineyulu 13 f21e0062
1. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 1
A STUDY ON TECHNICAL ANALYSIS IN
COMMODITY MARKET (GOLD M) WITH
REFERENCE TO INDIA INFOLINE Ltd
PROJECT REPORT
A project report submitted in partial fulfillment of the requirements for the
degree of MBA in JNTU Anantapuramu
Submitted By
V.RAMANJINEYULU
REGD.NO: 13F21E0062
Under the Esteemed Guidance of
Miss.K.S. HARITHA, MBA
Assistant Professor
DEPARTMENT OF MASTER OF BUSINESS ADMINISTRATION
GATES INSTITUTE OF TECHNOLOGY, GOOTY
(Approved A.I.C.T.E, and Affiliate to JNTU Anantapur)
2. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 2
GATES INSTITUTE OF TECHNOLOGY, GOOTY
CRETIFICATE
This is to certify that project entitled “TECHNICAL ANALYSIS, GOLD (M)”
has been submitted by
V.RAMANJINEYULU
13F21E0062
In the fulfillment of the requirement for the award of degree for the award
of Master of Business Administration in MBA department from “GATES
INSTUTE OF TECCHNOLOGY” Gooty during the academic year 2013-
2015.
Internal Guidance of Head of the Department
Miss. K.S. HARITHA Dr.S. Md.Ghouse
M.B.A. M.A.(Eco), M.B.A, PhD
Assistant professor, Department of MBA,
Department of MBA, GATES Institute of technology,
GATES Institute of technology, Gooty, Anantapuramu (Dist).
Gooty, Anantapuramu (Dist).
EXTERNAL EXMINAR1:
EXTERNAL EXMINAR2:
3. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 3
DECLARATION
I hereby declare that this project work entitled “TECHNICAL ANALYSIS IN COMMODITY
MARKET GOLD(M) WITH REFRENCE TO INDIA INFOLINE Ltd” carried out under guidance of
my faculty Mss. K.S. HARITHA, M.B,A, Assistant professor this report neither full nor in part has
ever been submitted for award of any other degree of either this university (or) any other university.
V.RAMANJINEYUU
13F21E0062
4. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 4
ACKNOWLEDGEMENT
This satisfaction and exhilaration that accompanies the successful completion of all my tasks would
be incomplete without mentioning the people who made it possible constant guidance and
encouragement, crowned all my effects with success.
I am thankful to our beloved correspondent sir Sri. V.K. SUDHEER REDDY and Principal Dr.M
RAMESH, M.E, P.H.D of Gates institute of technology, Gooty. For his consistent help and
encouragement to complete the project work.
I am very thankful to Dr.S.Md. GHOUSE, M.A, M.B.A, PhD, HOD of MBA Dept. GATES Institute
of technology, Gooty. For his valuable guidance and suggestions, analyzing and testing throughout
period, till end of the project work.
I wish to heartful sincere thanks to my visiting faculty, guide Miss. K.S. HARITHA, M.B.A,
Assistant professor, GATES Institute of technology, Gooty. For her valuable inputs guide support and
cooperation all along project. This project would not have been possible without her help.
I would like to express our sincere thanks to the faculty member of M.B.A Dept. who had helped me
to complete the project work successfully.
V.RAMANJINEYULU
13F21E0062
5. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 5
S.NO PARTICULARS PAGE NUMBERS
CHAPTER 1
INTRODUCTION
1.1 Introduction
1.2 Objective of the study
1.3 Scope of the study
1.4 Need of the study
1.5 Limitation of the study
1.6 Research Methodology
2 -16
CHAPTER 2 REVIEW OF LITERATURE
17-18
CHAPTER 3 INDUSTRY AND COMPANY
ANALYSIS 19-34
CHAPTER 4 ANALYSIS AND
INTERPRETAIONS 35 -52
CHAPTER 5
FINDINGS, SUGGESTIONS &
CONCLUSIONS
5.1 Findings
5.2 Suggestions
5.3 conclusion
5.4 Bibliography/References
53-57
6. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 6
CHAPTER 1
7. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 7
1.1 INTRODUCTION OF GOLD:
India, a commodity based economy where two-third of the population depends on agriculture
commodities, surprisingly has an under developed commodity market. Unlike the physical market,
futures markets trade commodity are largely used as risk management mechanism on either physical
commodity itself or open in commodity stock.
This project report describes the functionality of the commodities market and how the commodities
are traded on the exchange. The idea is to understand the importance of commodity derivatives and
learn about the market till early 70‟s. Its development and growth was shunted due to numerous
restrictions earlier. Now, with most of these restrictions being removed, there is tremendous potential
for growth of this market in the country.
Indian market have recently thrown open a new avenues for retail investors and trades to participate.
For those who want to diversify their portfolio beyond shares, bounds and real estate, commodities
are the best option.
For retail investors could have done very little to actually invest to commodities such as gold and
silver or oil seeds in the future market. This was nearly impossible in commodity except for gold and
silver as there was particularly no retail avenue for putting in commodities.
However, nationally multi-commodity exchange became operational:
National multi-national commodity exchange of India (NMCE).
National commodity and derivative exchange (NCDEX).
Multi commodity exchange (MCX).
With the setting up of these exchanges in the country, retail investors can how trade in commodity
futures without having physical stocks, like any other markets, the one for commodity futures plays a
valuable role in information pooling and risk sharing. The market mediates between buyers and
sellers of commodities, and facilities decision related storage and consumption of commodities.
8. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 8
COMMODITY:
Commodity play important role in our daily lives. They can be found literally all over the world, and
can be traded on the global marketplace as part of a diversified investment portfolio. In fact billions
of dollars are invested in commodity every day.
Where they can be traded on either spot (real-time) or future (optional) markets, most individual
commodities are traded in the form of futures, where what is being traded is not commodity itself but
rather a contract to buy or sell it for a certain price by a stated date in the future. This carrier the
potential for wild market fluctuations, but it also offer exchange opportunities for investors willing to
ride out market volatility in anticipate of rewards, like any investment, the goal in commodities
trading is to” buy low and sell high”. The difference with commodities is that they are highly
leveraged and trade in contract sizes instead of shares.
Investors can buy and sell positions whenever the markets are open, so there‟s no chance of walking
up one morning to find 10,000 bushels of corn the front lawn
COMMODITY MARKET:
A commodity market is a market that trade in primary rather than manufactured products. Soft
commodities are agricultural products such as wheat, coffee, cocoa and sugar; hard commodities are
mined, such as (gold, rubber and oil). Investor‟s access about 50 major commodity markets
worldwide with purely financial transactions increasingly outnumbering physical trades in which
goods are delivered. Future contracts are the oldest way of investing in commodities. Futures are
secured by physical assets. Commodity markets can include physical trading and derivatives trading
using spot prices, forward, futures and options on future. Farmers have used a simple form of
derivative trading in the commodity market for centuries for price risk management.
A financial derivative is a financial instrument whose value is derived from a commodity termed an
underline. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number
of derivatives are traded via clearing house some with central counterparty clearing, which provides
clearing and settlement services on a futures exchange, as well as off-exchange in the OTC markets.
Derivatives such as future contracts, swaps, exchange-traded commodities (ECT), and forward
contracts have become the primary trading instruments in commodity markets. Futures are traded on
9. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 9
regulated commodities exchanges. Over-the-counter (OTC) contracts are “privately negotiated
bilateral contracts entered into between the contracting parties directly”
Exchange-traded funds (ETFs) began to features commodities in 2003. Gold ETFs are based on
“electronic gold” that does not entail the ownership of physical bullion, with its added costs of
insurance and storage in repositories such as the London bullion market. According to the World
Gold Council, ETFs allow investors to be exposed to the gold market without the risk of price
volatility associated with gold as a physical commodity.
KEY ASSUMPTIONS AND HISTORICAL BACKGROUND:
Before 1800, gold was the real money, and paper money was a rarity and rather unstable
unless strictly backed by gold or silver.
Between 1800-1932 it was a largely free, but unregulated market, and gold was treated the
same way as money, paper money was gold or silver backed, and gold was the ultimate
currency
Between, 1932-1971 the market was a command and control system, a governmental cartel,
along with limited sub-regional black markets. Gold possession is prohibited in several
countries for private persons, unless in jewelry. Gold was not easily traded over state borders
during this period. However, in many countries, gold was seen as the only true kind of money.
After 1971 it is for most practical purposes, a free market, and movement of gold is relatively
unrestricted. However, for large transactions, the invisible hand of a central bank cartel was
still at times seen there. Trade was internationally free, but fluxes are greatly influenced by
central bank sales and purchases. Some countries, not being free trade countries and several
countries with dictatorship have restrictions on moving gold across their borders: such
countries are United States, Russia, India, China, Brazil, Cuba, North Korea, and in addition
some countries have limitations on private ownership of gold: Russia, Cuba, North Korea. In
many countries with weak, none or chaotic government and economy, gold, Euro and Dollars
remained as the only true currencies.
Paper gold, which existed through the bank notes being gold certificates since 1830 to around
1935, and was available to the public along with minted gold in most of the great powers. The
old paper gold was to a large degree backed by central bank physical gold holdings for most
of the time. The gold monetary standard was abandoned in Europe in 1925 and in the USA in
10. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 10
1932, when paper monetary volume expansion made it impossible to back every banknote
with physical gold. Gold was used as a clearing currency between national banks until 1971,
when the United States cancelled that system. After 1971, US dollar was only pegged to
global social trust, the gold backing being gone. Paper gold reemerged after 1973 as a separate
market for gold certificates, being like banknotes with only a gold value printed on them, as
well as metal accounts, metal loans and forward contracts for gold. This was originally not
available to the public, but only to gold processing companies and financial institutions.
There is not full alternatively in the gold market, as only gold is the real magic money Metal
in the eye of the public, and beside silver the only money a government cannot corrupt and
which also survives a governmental collapse.
There is a limited financial substitute in silver and in modern times by small amounts of
platinum and palladium as bearers of monetary value in solid physical manifestation
The total physical amounts of all gold, silver and platinum are very limited
. Gold is sold as physical metal as well as paper gold, ownership to gold as shown on a metal
bank account. The amount on the account is supposed to have a corresponding amount of
physical metals somewhere if the trader is a serious trader.
CHARACERISTICS OF GOLD MARKET:
Gold market is highly liquid and gold held by central banks, other major institutions and retail
jewelry keep back to the market.
Due to large stocks of gold as against its demand, it is argued that the core driver of the real
price of gold is stock equilibrium rather than flow equilibrium.
Economic forces that determine the prices of gold are different from, and in many cases
opposed to the forces that influence most financial assets.
IMPORTANT GOLD MARKETS IN THE WORLD:
London as the great clearing house.
New York, the home of futures trading.
Istanbul, Dubai, Singapore, India, Hong Kong as doorways to high consuming regions.
Tokyo where TOCOM sets the mood of Japan.
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1.2 OBJECTIVE OF THE STUDY:
To study the performance of gold.
To predict the future performance of gold by Technical Analysis.
To suggest the investor to Buy, Sell or Hold the position of gold.
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1.3 SCOPE OF THE STUDY:
The scope of the study is limited to Commodity market. Here the study mainly focused on Gold
M. The study is done only based on the information collected by MCX market. The scope of the
study includes only technical analysis with using the indicators of Moving averages and RSI
(Relative Strength Index).
Calculations for 5 months that is Jan-1-2015 to May-15-2015
.
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1.4 NEED FOR THE STUDY:
Gold is a precious metal per excellence and remain the ultimate safe haven asset, as well as
traditionally consuming metal. It has been reserved as a symbol of wealth and prosperity. Its
historical significance and electrical conductivity ensures that it will be in demand for long term. The
simple fact that is rare and beautiful metal will always keep it, as an investment, gold has cyclically
come into and out of favor, and has its boom in the market.
Like any investment, the goal of investors to invest in gold is to buy low and sell high. It helps to
reduce the risk, to take buy, sell and hold decisions to the investors.
It also helps to understanding the fluctuations of Gold prices by interpreting the different indicators
like Moving Averages, Rate of Change Indicators and Relative Strength Index (RSI) etc. ultimately
this would help to provide the approximate suggestions to the Gold investors.
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1.7 METHODOLOGY:
Research is a systematic gathering, recording, analyzing and interpretations of the data about a
particular area in industries or where to find solutions to different kinds of decisions making
problems.
Source of Data:
The data has been collected in two ways, those are
Primary Data:
The information requirements for solving business problems are identified in the problem formulated
stage. In this stage, the source from which information can be found are identified data for researched
can be collected.
Secondary Data:
Secondary data is defined as existed data; secondary data is collected from already available sources
such as published papers, journals, magazines reports, company literature etc.
For this project I collected data from secondary sources only, mainly I collected data from websites.
TECHNICAL ANALYSIS:
Technical analysis can be defined as an art and science of forecasting future prices based on an
examination of the past price movements. Technical analysis is not astrology for predicting prices.
Technical analysis is based on analyzing the current demand and supply of commodities, stocks,
indices, future or any tradable instruments. Technical analysis involve putting stock information like
prices, volumes and open interest on a chart and applying various patterns and indicators to it in order
to assess the future prices movements. The time framing in which technical analysis is applying man
range from intraday (5-minites, 10-minites, 15-minities, 30-minities, or hourly), daily, weekly or
monthly price data to many years.
There are essential two methods of analyzing investment opportunity in the security market viz
fundamental analysis and technical analysis. Fundamental information likes financial and non-
financial aspects of the company where as technical information ignores fundamental and focuses on
actual price movements only. The technical analyst assumes that it is 90 percent of psychological and
10 percent logical. Technical analysis is a method of evaluating securities by analyzing the statistics
generated by market activity, such as past price and volume. Technical analysis does not attempt to
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measures a securities intrinsic value, but instead use charts and other tools to identify patterns that can
be suggested future activity.
TECHNICAL ANALYSIS:
It is process of analyzing the price behavior in the market which influenced by the no of factors and
different information. Technical analysis belies that market is determined by the buying and selling
forces acting in the market and not by any other factor like the company or Industry or Economy.
TECHNICAL ANALYSIS
TIMING OF INVESTMENT
DECISSION
DECISSION MAKING
STUDY OF MARKET SENTIMENTS
BULLISHNESS
BEARISHNESS, etc.
LIQUIDITY IN THE
MARKET
VOLUME TURNOVER
PRICE TRENDS, etc.
BUY SELL HOLD
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TOOLS USED FOR THIS ANALYSIS:
MOVING AVERAGES
I. Short term moving averages.
II. Long term moving averages.
RELATIVE STRENTH INDEX (RSI).
MOVING AVERAGES:
Moving averages of a number specified historical time periods from the point on chart. Moving
averages offer an indicator of the clear directions and scope of the trend in the market.
1. Short Term Moving Averages (SMA) is calculated for 10 to 15 days period.
2. Long Term Moving Averages (LMA) is calculated by 60 days to 125 days period.
CALCULATION PROCESS:
For calculation of a moving average the data for required days will take and a simple average will be
calculated by divining sum of days for which moving averages has to be calculated by number of
days.
Then averages will be floated in the graph and it can be compare with the index moving
averages or stock price of identified the Buy or Sell signal.
In the same manner index moving averages (MEX-SX) has to be calculated then both have to be
shown in the graph.
DECESIONS MAKING:
If stock prices Moving averages interpret the index moving averages from below and goes in upward
direction „Buy‟ signal can be identified investor can „Buy‟ at this movement.
If stock price intercepts the index moving averages from and falls below „Sell‟ signal can be
identified.
Investor sells the shares of the company on this movement. Moving averages can also be compared
with the stock closing prices.
LONG TERM MOVING AVERAGES v/s SHORT TERM MOVING AVERAGES:
Long Term Moving Averages and Short Term Moving Averages can also compared for Buy or Sell
signal decisions.
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Chart1: UPWORD DIRECTIONS of SMA and LMA.
P
` R
I
` C SMA
E
LMA
T I M E
INTERPRETAION:
If Short Term Moving Averages intercept the Long Term Moving Averages from above table and it
goes upward direction „Buy‟ signal can be identified, in these movement investors will be ready to
„Buy‟ signal for investors.
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Chart2: DOWNWORD DIRECTIONS of SMA and LMA.
P
R LMA
I SMA
C
E
T I M E
INTERPRETAION:
If Short Term Moving Averages intercept the Long Term Moving Averages from above table and it
shows downward direction and it can be generated „Sell‟ signals in these movements the investors
will be sold their stocks.
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RELATIVE STRENTH INDEX (RSI):
Relative strength index (RSI), was developed by J.Welles Wilder in 1978 and was later discussed in
his book new concepts in Technical Trading systems. The mane “relative strength index” is slightly
misleading as the RSI does not compare the relative strength of two securities, but rather the strength
of a signal security to past data. It is calculated by measuring the ratio of average price gains against
average price losses over specific rolling period. We have set our default period at 14 days as
recommended by wells wilder but this can be varied to suit particular sock or futures.
The RSI is an oscillator that ranges between 0 and 100. There are two main signals that can be
generated from this indicator.
Oversold/Overbought signals
When the RSI turns up, developing a trough below 30, it suggested the price is oversold and likely to
rally. Conversely, when the RSI turns down, making a peak above 70, it suggested that the price is
overbought and likely to drop.
RSI calculation by using the following formula:
RSI= 100-[100/1+RS]
Where,
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1.5 LIMITAIONS OF THE STUDY:
This study is limited to Gold M in commodities.
This study had a limited construction for 60 days.
Forecasting of future price may or may not accurate.
The study based on only on performance of gold, not with other commodities.
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CHAPTER II
REVIEW OF LITERATURE
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REVIEW OF LITERATURE:
Several studies have been carried out to apply Technical Analysis in practice in various financial
Markets. A few of them are quoted below:
Kavajecz and Odders-White (2004) show that support and resistance levels coincide with peaks in
depth on the limit order book 1 and moving average forecasts reveal information about the relative
position of depth on the book. They also show that these relationships stem from technical rules
locating depth already in place on the limit order book.
Practitioners‟ reliance on technical analysis is well documented. Frankel and Froot (1990) noted
that market professionals tend to include technical analysis in forecasting the market.
The guiding principle of technical analysis is to identify and go along with the trend. When there is a
trend, whether started by random or fundamental factors, technical methods will tend to generate
signals in the same direction. This reinforces the original trend, especially when many investors rely
on the technical indicators. Thus, even if the original trend were a random occurrence, the subsequent
prediction made by the technical indicator could be self-fulfilling. This self-fulfilling nature leads to
the formation of speculative bubbles (see, for example, Froot et al., 1992). Conrad and Kaul (1988)
found that weekly returns were positively auto correlated, particularly for portfolios of small stocks.
Lui and Mole (1998) report the results of a questionnaire survey conducted in February 1995 on the
use by foreign exchange dealers in Hong Kong of fun-demented and technical analyses. They found
that over 85% of respondents rely on both methods and, again, technical analysis was more popular at
shorter time horizons.
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CHAPTER III
INDUSTRY & COMPANY
ANALYSIS
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MULTI COMMODITY EXCHANGE OF INDIA (MCX-SX)
MCX-SX stock exchange Limited (MCX-SX), India‟s new stock exchange, is recognized by Security
Exchange of India (SEBI) under section 4 of securities contracts (Regulation) Act 1956. The
exchange was notified as a “recognized stock exchange” under section 2(39) of the companies Act
1956 by Ministry of Corporate Affairs, Govt. of India on December 21, 2012. In line with global best
practices and regulation requirements, clearing and settlement of traders on the exchange are
conducted through a separate clearing corporation- MCX-SX clearing Corporation Ltd.
MCX-SX offers an electronic, transparent an hi-tech platform for trading in Capital Market, Future&
Options, and currency Derivatives and Debt Market segments. The exchange has also received in-
principal approval from SEBI for operationalizing SME trading platform MCX-SX commenced
operations in the Currency Derivatives (CD) segment on October 7, 2008, under the regulatory
framework of SEBI and Reserve Bank of India (RBI).
MCX-SX launched Capital Market segment, Future and Options segment and flagship index „SX40‟
on February 9 2013 and commenced trading from February 11 2013. Trading in the „SX40‟ index
derivatives began from May 15 2013 is free-float based index consisting of 40 large cap, liquid stock
representing diverse sector of the economy. Its base value is, 10,000 and base date is March 31 2010.
The debt market segment market segment of MCX-SX was launched on June 7 2013, and trading
commenced from June 10 2013.
MCX has also set up in joint venture the MCX stock Exchange. Earlier spinoffs from the company
include the National Spot exchange for bullion and agriculture commodities, and Bulk Handling
Corporation (NBHC) India‟s largest collateral management company which provides bulk storage
and handling of agricultural products.
In February 2013, MCX has come out with a public issue of 7,427,378 Equity shares of Rs. 10 face
value in price band of 860-1032 Rs. Per equity share to raise around $ 134 million. It is the first ever
IPO by an Indian exchange.
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PRODUCTS OF MCX-SX
MCX-SX currently Futures contracts on MCX-SX enable Indian Imports, Exports, Corporate, banks
and other participate to effectively hedge their risks arising out of volatile currency prices. These
contracts also offer a better flexible than the currency contracts traded on Over-The-Counter (OTC)
market as the structure and pricing of an exchange-traded contract is more transparent.
PRODUCTS OF MCX-SX
Oil & Oil Seeds Others Fiber Energy Bullions Metals
Crude oil Almond Kapas ATF Gold Aluminum
Kapasia Khail Guar Gum Cotton (29mn) Breant Oil Gold M Aluminum M
Refined soya oil Gaur Seed Spices Crude Oil Platinum Copper
Soya bean Melted Method Caramon Gasoil Silver Copper M
Flakers Coniander Heating Oil Sliver M Iron Ore
Fiber Mentha Oil Planation Imported Thermal coal Lead
Kapas Potato (Agri) Rubber Natural Gas Weather Lead M
Cotton(29) Potato (Takeshwar) Carbon(CER) Silver Micro
Cereals Sugar M Carbon (CFI) Silver 1000
Barley Nickel
Wheat Nickel M
Maize-Feed Industrial
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Trading System in MCX-SX:
The trader work station (TWS) is the application through which members access the trading platform,
place order and execute trades. The TWS offers a multitude of user friendly trading features which
includes commodity price ticker, market watch screen displaying best buy, best sell, last trade price,
volume for the day, open interest etc,, top gainer and looser contracts, net position, on-line backup
facility etc.
1. Trading System:
The best five buy and sell orders for every contract available for trading are visible to the
market and orders are matched based on price time priority logic. Orders can be placed with
time conditions and or price conditions.
2. Margins:
MCX follows a comprehensive and strength margining system for all futures contracts trade
on the Exchange platform. Actual margining and position monitoring is done on an on-line
basis. For the purpose of computing and levying the margins, MCX uses SPAN® (Standard
Portfolio Analysis of Risk) system which follows a risk-based and portfolio-based approach.
The initial margin requirements are based on a worst-case loss scenario of portfolio at client
level to cover VAR (Value at Risk) over one day horizon, subject to a minimum base margin
defined by FMC for the respective commodity. The SPAN Risk Parameter File (RPF) is
generated by the Exchange periodically at predefined timings and RPF files so generated to
the members using the FTP service and on the exchange websites. In addition to SPAN
margins, MCX levies Additional margins and or special margins whenever deemed necessary
considering the volatile and price movements in the commodities. Such margins are also
levied as per the direction of FMC Tender Period margins and Delivery period margins are
levied on contracts nearing expiry to ensure non default in commodity delivery.
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NATIONAL COMMODITY STOCK EXCHANGE LIMITED (NCDEX):
National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity
exchange based in India. It has an independent Board of Directors and professional management, who
have interest in commodity markets. It provides a commodity exchange platform for market
participants to trade in commodity derivatives. It is a public limited company, incorporated on 23
April 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of
Business on 9 May 2003, and began operations on 15 December 2003. NCDEX is the only
commodity exchange in the country promoted by national institutions. NCDEX is regulated by
the Forward Markets Commission (FMC), and is subject to the Companies Act 2013, Stamp Act,
Contracts Act, Forward Commission (Regulation) Act, and various other laws.
KEY NOTES OF NCDEX:
NCDEX had 848 registered members and client base of @ 20 Lakh as of 31 July 2013.
It offers trading on more than 49,000 terminals across 1,000 centers in India as of 31 July 2013.
It facilitates deliveries of commodities through a network of over 594 accredited warehouses
through eight warehouse service providers, with holding capacity of around 1.5 million tons.
It offers average deliveries of 1 lakh MT at every contract expiry. Average delivery ratio for Q1
of 2013-14 is 98%.
NCDEX has offices in Mumbai, Delhi, Ahmedabad, Indore, Hyderabad, Jaipur,
and Kolkata.
PRODUCTS & SERVICES:
NCDEX offers futures trading in 31 agricultural and non-agricultural commodities.
NCDEX also offers as an information product, an agricultural commodity index. This is a value-
weighted index called DHAANYA and is computed in real time using the prices of the ten most
liquid commodity futures traded on the NCDEX platform. Dhaanya aims to provide a reliable
benchmark for India's agri-commodities.
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Introduced N-Charts – a free, web-based charting tool provided to users for technical analysis.
Launched COMTRACK® - a proprietary electronic warehouse accounting system
Exchange for Physicals - recently announced EFP (Exchange for Physicals) facility in 18
contracts traded on the NCDEX platform, which they intend to help trade participants address
counter-party and business risks inherent in bilateral transactions in the physical market.
Launched GOLD HEDGE, a transparent price benchmark of gold to the consumer. The contract,
GOLDHEDGE, is available for trading from Jan 16, 2014. The one-kg gold hedge contract
provides a transparent platform for investors with exposure to the international markets. The final
settlement prices is arrived at after taking into account the gold price in dollar terms, rupee value
against dollar and the conversion ratio.
Launched Forward market in 25 September, 2014.
SHAREHOLDERS CONSORTIUM:
Canara Bank
CRISIL Limited (formerly Credit Rating Information Services of India Limited)
Goldman Sachs
Indian Farmers Fertilizers Cooperative Limited (IFFCO)
Infrastructure Development Finance Company (IDFC)
InterContinental Exchange (ICE)
Jaypee Capital
Life Insurance Corporation of India (LIC)
National Bank for Agriculture and Rural Development (NABARD)
National Stock Exchange of India (NSE)
Punjab National Bank (PNB)
Renuka Sugars
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COMPANY PROFILE
INDIA INFOLINE LIMITED
(Formerly known as India Infoline Investment Services Limited)
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IIFL Holdings Limited (formerly known as India Infoline Limited) is the apex holding company of
the entire IIFL Group, which is a leading financial services company in India, promoted by first
generation entrepreneurs. We have a diversified business model that includes credit and finance,
wealth management, financial product distribution, asset management, capital market advisory and
investment banking.
We have a largely retail focused model, servicing over 2 million customers, including several lakh
first-time customers for mutual funds, insurance and consumer credit. This has been achieved due to
our extensive distribution reach of over 2,700 business locations and also innovative methods like
seminar sales and use of mobile vans for marketing in smaller areas.
Our evolution from an entrepreneurial start-up to a market leadership position is a story of steady
growth by adapting to the changing environment, without losing the focus on our core domain of
financial services. Our NBFC and lending business accounts for 71% of our consolidated income in
FY14 and has a diversified product portfolio rather than remaining a mono-line NBFC. We are a
leader in distribution of life insurance and mutual funds among non-bank entities. Although the share
of equity broking in total income was only 11% in FY14, IIFL continues to remain a leading player in
both, retail and institutional space.
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Location Mumbai
Corporate office IIFL Center, B Wing, Trade Center, Kamala Mills Compound off
senapati Bapat Marg, Lower parel, Mumbai-400013. Maharashtra.
Registered office Industrial Area, Wagle Estate, Thane- 400 604. Maharashtra
Year of incorporation 1995
Industry Financial Services
Key Business Credit & Finance, Wealth Management, Financial Product Distribution,
Capital market Related.
Employees 14,000+
Business location Around 4,000 locations in 900 cities and towns.
Global reach Singapore, Dubai, New work, Mauritius, UK, Hong Kong, Switzerland.
Listings NSE, BSE
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Financial Performance Track Record from 2005 to 2014
Revenues
EBT
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PAT
NEWWORTH
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ROE
Segmental revenue split
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IIFL Holdings Ltd is divided into 9 companies.
1. India Infoline Ltd.
2. India Infoline Finance Limited: India Infoline housing Finance Limited is under this company.
3. India Infoline Insurance brokers Ltd.
4. India Infoline Commodities Ltd.
5. IIFL Assets management company & IIFL MF
6. IIFL Private Wealth management Ltd.
7. IIFL (Asia) Pte Ltd.
8. IIFL Inc. (US) investment Advisors Ltd.
9. IIFL (UK)
IIFL Business
Mortgage Loans, which includes Housing Loans and Loans against Property.
Commercial Vehicle Finance, which includes Loans against new and used commercial
vehicles and buses, this includes loans on small, light and medium and heavy commercial
vehicles
Gold Loans, which includes finance against security of mainly used gold ornaments.
Capital Market Finance, which includes Loans against Securities, Margin Funding, IPO
financing and other structured lending transactions.
Healthcare Finance/Medical Equipment Finance, which includes finance for medical
equipment and project funding in the healthcare sector.
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AWARDS AND RECOGNITION:
Three of the analysts from the Pharm, Banking and Oil & Gas sector respectively won the
India's Best Market Analyst Awards 2013 by Zee Business
Best Wealth Management House by The Asset Triple A – 2012
Best Customer Service in Financial Services, 2013 – Retailer Customer Service Awards
Best Broking House with Global Presence, 2012 – D&B
BSE Group felicitated IIFL for being one of the top performers in the 'Equity FI' category on
Mahurat Trading day-to-day
Mr. Nirmal Jain, Chairman, IIFL received the 'Entrepreneur of the Year' award at the 10th
Franchise India Awards 2012
IIFL Buzz won the prestigious award for the internal tabloid at the 53rd annual awards night
of the Association of Business Communication of India (ABCI)
Best Private Banking Services Overall – India – Euromoney Private Banking Survey 2014
Best Wealth Management company in India - Wealth Briefing Asia Awards 2013
Fastest Growing Wealth Management Company - CNBC TV 18 Financial Advisor Awards
2013
Highest asset Growth Champion - The Wealth Forum Advisor Awards 201
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BOARD OF DIRECTORS
1. Mr. Nirmal Jain
Chairman, IIFL Holdings Limited
2. Mr. R. Venkataraman
Managing Director, IIFL Holdings Limited
Mr. Arun Kumar Purwar
Independent Director of IIFL Holdings Limited since March 2008
Mr. Chandran Ratnaswami
Non-Executive Director of IIFL Holdings Limited since May 2012
Mr. Kranti Sinha
Independent Director of IIFL Holdings Limited since January 2005
Mr. Nilesh Vikamsey
Independent Director of IIFL Holdings Limited since February 2005.
Mr. Sunil Kaul
Non-Executive Director of IIFL Holdings Limited since November 2011
Dr. Subbaraman Narayan
Independent Director of IIFL Holdings Limited since July 2012
Ms Geeta Mathur
Independent Director of IIFL Holdings Limited since September 2014
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CHAPTER IV
ANALYSIS AND INTERPRETATIONS
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Moving Averages Analysis:
Table1: GOLD (M) Short term moving average calculation from 1-Jan-2015 to 15-May-2015
Date Close(Rs) SMA
5-Jan-15 27042
6-Jan-15 27385
7-Jan-15 27159
8-Jan-15 26808
9-Jan-15 26806 27040
12-Jan-15 27032 27038
13-Jan-15 27071 26975.2
14-Jan-15 27210 26985.4
15-Jan-15 27493 27122.4
16-Jan-15 27673 27295.8
19-Jan-15 27718 27433
20-Jan-15 28098 27638.4
21-Jan-15 27992 27794.8
22-Jan-15 28055 27907.2
23-Jan-15 27884 27949.4
27-Jan-15 27934 27992.6
28-Jan-15 27795 27932
29-Jan-15 27470 27827.6
30-Jan-15 27911 27798.8
2-Feb-15 28071 27836.2
3-Feb-15 27687 27786.8
4-Feb-15 27814 27790.6
5-Feb-15 27757 27848
6-Feb-15 26968 27659.4
9-Feb-15 27119 27469
10-Feb-15 27016 27334.8
11-Feb-15 26817 27135.4
12-Feb-15 26635 26911
13-Feb-15 26694 26856.2
16-Feb-15 26742 26780.8
17-Feb-15 26241 26625.8
18-Feb-15 26181 26498.6
19-Feb-15 26294 26430.4
20-Feb-15 26317 26355
23-Feb-15 26178 26242.2
42. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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21-Apr-15 26803 26680.2
22-Apr-15 26489 26649.2
23-Apr-15 26777 26698
24-Apr-15 26574 26672.4
27-Apr-15 26944 26717.4
28-Apr-15 27036 26764
29-Apr-15 27096 26885.4
30-Apr-15 26593 26848.6
1-May-15 26483 26830.4
4-May-15 26747 26791
5-May-15 26902 26764.2
6-May-15 26928 26730.6
7-May-15 26951 26802.2
8-May-15 26903 26886.2
11-May-15 26853 26907.4
12-May-15 27180 26963
13-May-15 27539 27085.2
14-May-15 27444 27183.8
15-May-15 27473 27297.8
43. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 43
Graph1:
GOLD (M) Short term moving from 1-Jan-2015 to 15-May-2015
Interpretations:
The above graph represents the performance of Gold (M) fluctuating short term moving averages
(SMA) from 5-Jan-2015 to 5-May-2015. The SMA intercept the index price from Jan -5- 2015 and it
goes up word directions up to May-14-2015 (2800 high price) and then parley goes a down word
direction up to May-10-2015(26500 low price) and then goes a small up word directions (27473
increasing price) it should be indicated buy signal for investors.
24000
24500
25000
25500
26000
26500
27000
27500
28000
28500
5-Jan-15 5-Feb-15 5-Mar-15 5-Apr-15 5-May-15
Close(Rs)
SMA
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Table2: GOLD (M) Long term moving averages calculation from 5-Jan-2015 to 14-May-2015
Date Close(Rs) LMA
5-Jan-15 27042
6-Jan-15 27385
7-Jan-15 27159
8-Jan-15 26808
9-Jan-15 26806
12-Jan-15 27032
13-Jan-15 27071
14-Jan-15 27210
15-Jan-15 27493
16-Jan-15 27673
19-Jan-15 27718
20-Jan-15 28098
21-Jan-15 27992
22-Jan-15 28055
23-Jan-15 27884 27428.4
27-Jan-15 27934 27487.87
28-Jan-15 27795 27515.2
29-Jan-15 27470 27535.93
30-Jan-15 27911 27609.47
2-Feb-15 28071 27693.8
3-Feb-15 27687 27737.47
4-Feb-15 27814 27787
5-Feb-15 27757 27823.47
6-Feb-15 26968 27788.47
9-Feb-15 27119 27751.53
10-Feb-15 27016 27704.73
11-Feb-15 26817 27619.33
12-Feb-15 26635 27528.87
13-Feb-15 26694 27438.13
16-Feb-15 26742 27362
17-Feb-15 26241 27249.13
18-Feb-15 26181 27141.53
19-Feb-15 26294 27063.13
20-Feb-15 26317 26956.87
23-Feb-15 26178 26830.67
24-Feb-15 26077 26723.33
25-Feb-15 26142 26611.87
26-Feb-15 26239 26510.67
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24-Apr-15 26574 26661.2
27-Apr-15 26944 26661.4
28-Apr-15 27036 26675.2
29-Apr-15 27096 26702.8
30-Apr-15 26593 26712.2
1-May-15 26483 26697.53
4-May-15 26747 26706.27
5-May-15 26902 26736.13
6-May-15 26928 26755.07
7-May-15 26951 26782.93
8-May-15 26903 26796.33
11-May-15 26853 26805.27
12-May-15 27180 26830.4
13-May-15 27539 26900.4
14-May-15 27444 26944.87
15-May-15 27473 27004.8
47. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 47
Graph2:
GOLD (M) Long term moving averages from 5-Jan-2015 to 14-May-2015
Interpretation:
The above graph represents the Long Term Moving Averages from 5-Jan-2015 to 14-May-2015. The
LMA intercept Index price from 19-Jan-2015 (27800 price level) and it goes down word direction up to
16-May-2015 (25500 mark low) and then goes parley up word directions up to 11-May-2015 (26743
price mark) it would be indicated “Buy” signal for the new investors and gives hold signal for holding
investors.
24000
24500
25000
25500
26000
26500
27000
27500
28000
28500
5-Jan-15 5-Feb-15 5-Mar-15 5-Apr-15 5-May-15
Close(Rs)
LMA
48. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
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Graph3:
GOLD (M) Short Term Moving Average and Long Term Moving Average from 5-Jan-2015 to 14-
May-2015
Interpretation
The above graph represents Gold (M) over all Short Term Moving Averages and Long Term Moving
Averages from 5-Jan-2015 to 11-May-2015. The Short term Moving Averages and Long term Moving
Averages intercepts at 27800 mark price and then both goes down word direction up to 16-Mar-2015 at
the value of 25950 market price and then both intercept and goes up direction (SMA&LMA) up to 11-
May-2015 at 27473 market price. Overall Short Term Moving Averages and Long Term Moving
Average‟s goes up word direction it would be indicated “Buy” signal for the investors.
24500
25000
25500
26000
26500
27000
27500
28000
28500
5-Jan-15 5-Feb-15 5-Mar-15 5-Apr-15 5-May-15
SMA
LMA
49. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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RELATIVE STRENTN INDEX (RSI):
Formula
RSI= 100-[100/1+RS]
RS= Average gain per day
Average loss per day
Table1: GOLD (M) RSI calculation from 5-Jan-2015 to 28-Feb-2015
Date Open(Rs) Close(Rs) RSI
5-Jan-15 26845 27042
6-Jan-15 27095 27385
7-Jan-15 27328 27159
8-Jan-15 27150 26808
9-Jan-15 26751 26806
12-Jan-15 26865 27032
13-Jan-15 27118 27071
14-Jan-15 27013 27210
15-Jan-15 27150 27493
16-Jan-15 27540 27673
19-Jan-15 27642 27718
20-Jan-15 27700 28098
21-Jan-15 28071 27992
22-Jan-15 27966 28055 75.3292
23-Jan-15 28015 27884 69.47536
27-Jan-15 27815 27934 67.24947
28-Jan-15 27896 27795 69.2578
29-Jan-15 27782 27470 70.1824
30-Jan-15 27540 27911 72.40284
2-Feb-15 28120 28071 69.0315
3-Feb-15 28071 27687 60.28155
4-Feb-15 27660 27814 59.67597
5-Feb-15 27785 27757 53.44214
6-Feb-15 27498 26968 40.98258
9-Feb-15 27011 27119 41.61693
10-Feb-15 27180 27016 30.51779
11-Feb-15 27050 26817 28.78545
12-Feb-15 26756 26635 23.38034
13-Feb-15 26700 26694 26.58834
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16-Feb-15 26720 26742 23.98119
17-Feb-15 26722 26241 20.8563
18-Feb-15 26280 26181 22.49967
19-Feb-15 26260 26294 13.17862
20-Feb-15 26337 26317 13.33893
23-Feb-15 26281 26178 15.12126
24-Feb-15 26219 26077 7.843137
25-Feb-15 26138 26142 8.127721
26-Feb-15 26200 26239 13.13452
27-Feb-15 26243 26206 6.578073
28-Feb-15 26111 26473 27.06988
51. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
GATES INSTITUTE OF TECHNOLOGY, MBA 2013-2015 9063457844 Page | 51
Graph1: Gold (M) Relative Strength Index chart from 5-Jan-15 to 25-
Feb-2015
Interpretation:
The above graph represents RSI of GOLD (M), the RSI crossed 30 lines from below to above and it is
raised in the day of 28-Feb-2015 the RSI indicated buying opportunity in the month of February.
0
10
20
30
40
50
60
70
80
5-Jan-15 12-Jan-15 19-Jan-15 26-Jan-15 2-Feb-15 9-Feb-15 16-Feb-15 23-Feb-15
RSI
53. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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23-Apr-15 26515 26777 54.97567
24-Apr-15 26734 26574 44.038
27-Apr-15 26624 26944 53.54229
28-Apr-15 26969 27036 58.76565
29-Apr-15 26985 27096 65.15775
30-Apr-15 27056 26593 49.56772
54. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
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Graph2: Gold (M) Relative Strength Index chart from 2-Mar-15 to 30-Apr-15
Interpretation:
The above graph represents RSI of GOLD (M), the RSI crossed 60 lines from below to above and it is
fall down in the day of 30-Mar-2015 and then RSI indicated touched 40 line from 20-Apr-2015 and it
goes up word direction so it indicates „Holding‟ signal in the month of April.
0
10
20
30
40
50
60
70
RSI
RSI
55. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
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Table3: GOLD (M) RSI calculation from 1-May-2015 to 15-May-2015
DATE OPEN RS CLOSE RS RSI
1-May-15 26572 26483 49.52694
4-May-15 26580 26747 55.2154
5-May-15 26852 26902 52.45832
6-May-15 26950 26928 54.53333
7-May-15 26904 26951 51.85882
8-May-15 26960 26903 50.04625
11-May-15 26898 26853 47.65007
12-May-15 26899 27180 60.95283
13-May-15 27131 27539 63.44556
14-May-15 27465 27444 67.55121
15-May-15 27417 27473 63.00425
Graph3: Gold (M) Relative Strength Index chart from 1-May-15 to 15-May-15
Interpretation:
0
10
20
30
40
50
60
70
80
RSI
RSI
56. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
WITH REFERENCE TO INDIA INFOLINE Ltd. mr.ramu009@yahoo.com
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The above graph represents RSI of GOLD (M), the RSI crossed 60 lines from 12-May-2015 and then it
foes up word direction and it below above and it is fall down in the day of 14-May-2015. Then RSI
indicated „sell‟ signal for the investors in the month of May, as on 15-May-2015.
Grapg4: Overall performance of RSI.
Interpretation:
The above graph represents RSI performance from 5-Jan-2015 to 15-may-2015. The RSI indicator
touched 70 line from in the month of January 2015 it is indicated „sell‟ signal and then the RSI line goes
down word direction touched 10 line it indicated „buy‟ signal in the month of February ending. The
month of March 2015 RSI line goes up word direction flow will continues up 15-May-2015 it is
indicated „sell‟ signal for the investors.
0
10
20
30
40
50
60
70
80
5-Jan-15 5-Feb-15 5-Mar-15 5-Apr-15 5-May-15
RSI
RSI
57. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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CHAPTER V
Findings, Suggestion and Conclusion
58. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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Findings:
The present performance of gold is bullish. It has been fluctuated from 26845 to 27417 during 5th
January 2015 to May 15th
2015. During this period Gold is goes upward up to Rs 512.
With help of Moving averages and RSI indicator‟s the price of Gold M is goes bullish trend and
as per overall performance it should be indicated Sell signal for the Investors.
The overall performance of Gold M indicates the future prediction that the investor to „Sell‟ and
„Hold‟ because Gold M stills it goes bullish direction.
59. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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Suggestions:
With help of Moving averages and Relative strength index/indicator overall performance goes
upward direction from 26485 to 27417 as per the duration between Jan 5th
2015 to May 5th
2015. It indicates sell signal by Gold M.
The future performance of Gold M says Sell signal.
It suggested the investor that, it is right time to invest in Gold M because the future is
expected to be bullish trend will be continued up to next 4 to 5 months.
60. A STUDY ON TECHNICAL ANALYSIS IN COMMODITY MARKET (GOLD M)
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References:
Books
1. Investment and portfolio Management----------S.Kevin
2. Research Methodology--------------Kothari
3. Financial Management------------I.M Pandy
Web sites
www.mcxindia.com
www.moneyconrtol.com
www.yahoofiance.com
www.iifl.com
www.investopedio.com