ACKNOWLEDGEMENT

I take this opportunity to express my profound and sincere gratitude

to Prof.Ramakant.V.Kulkarni. Lecturer in Finance for his prompt and

timely suggestions, encouragement and guidance in bringing out this

project report.

I am grateful to Prof. S.S.Biradar Director MBA Programme A.S.Patil

College of commerce, for having permitted me to proceed with my

plan about the project report.

I own my sincere gratitude to my External Guide Mr. G.S.Budyal (C.A)

and Vijaykumar Jawalgikar who directed me to go in this project.

Finally, I will be failing in my duty, if I do not thank my beloved mother

Smt.Parimala N Gumaste, my grany Smt.Sumitra P Kulkarni, my My

sister Kanchan Dharwar and my friends and well wishers who have

directly or indirectly helped in some way or the other in making this

project a grand success.

Mr. Shrinidhi N Gumaste

 DECLARATION

I here by declare that this project report titled as “Fluctuations In Banking Stocks”

has been prepared by me during the year 2007 for the partial fulfillment of the degree of

“Master of Business Administration”.

It has been done under the guidance and supervision of Prof. Ramakant .V. Kulkarni

faculty and Internal guide MBA Programme, A.S.Patil College of Commerce, Bijapur,

and Mr. Vijaykumar Javalgikar of Share Spot Solapur .

To the best of my knowledge and belief, this report is original and bonafied work

prepared by me and has not been submitted earlier to Karnataka University Dharwad or

to any other universities for the award of any degrees or diplomas.

Place:
Date:

(Signature)
Shrinidhi N Gumaste
 INDEX

Sl No Particulars Page No

1-4
1 Executive Summary
2 Introduction to capital market 5-18

3 About Organization 19-20

4 Technical Analysis 21-31

5 Introduction to Banks 32-36

7 CNX Bank Index 37-38

8 Technical Analysis 39-73

Alpha and Beta 41,48,55,62,69

42-45
Moving Average for Bank of India
Moving Average for HDFC 49-52

Moving Average for ICICI 56-59

Moving Average for SBI 63-66

Moving Average for Canara Bank 70-73

9 Findings, conclusion and formulas 74

9 Bibliography 75

10 Annexure 76