CHAPTER I

1.1 INTRODUCTION TO THE STUDY:

The study title is A STUDY ON AN EQUITY SHARE PRICE
BEHAVIOUR OF AUTOMOBILE INDUSTRY WITH REFERENCE TO NSE

Equity is often considered as the main engine deriving the economy equity
markets allow savers to acquire stake in a firm and sell it if they need access to their
savings or if they want to alter their portfolio. At the same time it allows firms to raise
permanent capital for asset creation. By incorporating information about future
earnings potential in current stock prices, the equity market serves as a barrow meter
to the stake of the economy. In the present day of financial markets, an investment has
become complicated one and it makes investment for higher return. If the return is
high, the risk is also high. Risk and return go together and have a tradeoff. The art of
movement is to see that the return is maximized with the minimum of risk.

1.2 ABOUT THE STUDY:

Any person who invests his hard-earned money in shares and securities must
possess adequate knowledge about securities market and security prices. Therefore
the study of securities market and reasons for the movement of the securities is much
required in the current context. For knowledge of possible fluctuations in the prices of
shares and securities is important for any investor who invests his money in shares.
The determinant of stock market prices is so important in the developing
economy. For the increased investment in shares will lead the investment in industries
which will result in the economic prosperity of citizens and thus the nation as a whole.
The capital market of automobile industry provides an encouraging picture of
trading in stock markets. Now days they enjoy the fruits of free enterprises. However,
when their shares are of trading in stock market they are actively traded. In India
investor is becoming more and more cautious in their investment decision unless the
capital market is suitable to him it would be difficult to attract his money.
Online trading is one of the true revolutions brought about by the internet.

1.3 PROFILE OF THE INDUSTRY:

The Indian capital market has witnessed an unprecedented growth in the past
few years, which was made possible through the modernization in the trading
settlement systems. Automation of the trading mechanism has given us a trading
system comparable with the best in the world. The permission that granted to the
foreign financial institutions and foreign security firms to enter the Indian capital
market and for the Indian companies to borrow abroad has opened up vitas for
expansion and growth of the capital market in India.

Capital market refers to the market for rising of financial resources by the
business enterprises, firms, government bodies, public sector undertakings and other
organizations. It is a wide term encompassing all long term claims of money lending
and borrowings from foreign market through new issue by the companies and raising
of resources from public through issue of new securities, deposits, loans, etc,.

The stock market, which is a component of the capital market, forms the major
part. Stock market represents the secondary market where existing securities are
traded. Stock exchange provides an organized mechanism for purchase and sale of
existing securities.

1.4 PROFILE OF THE COMPANY:

Share khan is one of the top retail brokerage houses in India with a strong
online trading platform. The company provides equity based products (research,
equities, derivatives, depository, margin funding, etc.). It has one of the largest
networks in the country with 1500+ share shops in 500 cities.
Share khan was established by Morakhia family in 1999-2000 and Morakhia
family, continues to remain the largest shareholder. It is the retail broking arm of the
Mumbai-based SSKI [SHRIPAL SHEWANTILAL KANTILAL ISWARNATH
LIMITED] Group. SSKI which is established in 1930 is the parent company of
Sharekhan ltd. With a legacy of more than 80 years in the stock markets, the SSKI
group ventured into institutional broking and corporate finance over a decade ago.
Presently SSKI is one of the leading players in institutional broking and corporate
finance activities.
Share khan offers its customers a wide range of equity related services
including trade execution on BSE, NSE, and Derivatives. Depository services, online
trading, Investment advice, Commodities, etc.
MISSION:

To educate and empower the individual investor to make better investment

decisions through quality advice and superior service.

VISION:

To be the best retail brokering Brand in the retail business of stock market.

ACHIEVEMENTS OF SHAREKHAN:
Indias most preferred brokers within 5 years. CNBC Awaaz customers
Award 2005.
It was awarded Top Domestic Brokerage House four times by Euro and Asia
money.
It was Winner of Best Financial Website award.

CHAPTER II
1.5 REVIEW OF LITERATURE:
An investment is a commitment of funds made in the expectation of some
future returns. An investment in securities is a key factor in the finance of an
economy. Investors prefer to invest their money in equity shares rather than bank
deposits because investments in equity shares give higher rate of return than other
investments.

SECURITIES MARKET:
Securities market has essentially three categories of participants namely the

issuer of securities, investors in securities and the intermediaries The securities market
has two interdependent and inseparable segments the new issue (primary market) and
the stock (secondary market). The primary market provides the channel for sale of
new securities while the secondary market deals in securities previously issued.

STOCK EXCHANGE:
The securities contract regulation act, 1956 defines a stock exchange as an

association, organization or body of individuals, whether incorporated or not

established for the purpose of assisting, regulating and controlling business in buying,
selling and dealing in securities. Stock exchange is an important institution in the
capital market. Stock exchanges play a vital role in challenging the savings to the
wheels of trade and commerce
A stock market is a place where securities (shares, debentures and bonds) of
various types are traded. The stock markets are organized markets, which regulate the
dealings in shares, debentures and bonds for the benefits of the investors. Stock
exchanges are organized under securities contracts (regulation) act, 1956.The
government has passed the securities and exchange board of India act 1992 (SEBI act)
to provide for the establishment of the SEBI and also to the establishment of a board
to protect the interests of investors in securities and to promote the development and
regulation of securities market. Stock exchanges operate under the rules, bye-laws and
regulations duly approved by the government and organized market for securities.

BOMBAY STOCK EXCHANGE:

Bombay stock exchange was established in the year 1875. It has been

organized by The Native Share and Stock brokers Association as a voluntary

nonprofit making association. The Bombay stock exchange is the premier stock
exchange in India. It was the first to be recognized on a permanent basis in 1957.
The Bombay stock exchange is the oldest one in Asia. On 14th march, 1995
Bombay stock exchange introduced BSE On-line Trading System (BOLT). Through
the BOLT system the members now enter orders from trader work stations installed in
their offices instead of assembling in the trading ring of the exchange.

NATIONAL STOCK EXCHANGE:

The high-powered study group on establishment of new stock exchanges

popularly known as Pherwani Committee had in 1991 recommended the promotion of

a New Stock Exchange at Bombay as a model exchange, and to act as a National
Stock Exchange (NSE). In order to provide nationwide stock trading facilities to
investors upgrading the trading facilities and to bring the Indian capital market in line
with international markets, the NSE has been established.
At present the National Stock Exchange (NSE) is Indias leading stock
exchange. The main aim of the NSE is to enable the investors to buy/sell shares and
securities from anywhere in India. Online trading which is a real time trading is done
at the National Stock Exchanges has played a catalytic role in reforming the Indian
securities marketing in terms of micro structure, market practices and trading
volumes.

STOCK MARKET INDEX:

An index is basically used to measure the totality of something. A stock

market index should capture the behavior of overall equity markets. Traditionally,
indexes have been used as information sources. By looking at an index, one can know
how the market is facing. The upward and downward movement of an index means
the changing expectations of future dividends of Indian corporate sector. When the
index goes up, it is because the stock market thinks that the prospective dividends in
the future will be better than previously thought. When the prospects of dividends in
6

the future become pessimistic, the index drops. An index reflects the aggregate market
capitalization of the sample shares in a certain year or month or week or on a
particular day in relation to the same in the base year.

SENSEX:
Bombay Stock Exchange was introduced in 1986 an equity called BSE

SENSEX. The Bombay stock exchange sensitive index is popularly called SENSEX.
It is a Market Capitalization Weighted Index of 30 component stocks (both
specified and non-specified groups) which are actively traded. SENSEX reflects the
movement of these 30 shares.

NIFTY:
National Stock Exchange has its own index called NIFTY. It is a 50 stock

index comprising the largest and most liquid companies in India. These 50 stocks
include the 30 stocks belonging to the Bombays Stock Exchange sensex index. Nifty
covers nearly 25 sectors of the economy and a market capitalization of almost 49% of
the total market capitalization of the economy.

REASONS FOR INCREASED INVESTMENT IN EQUITY SHARES:

Investments in equity shares are becoming more and more popular
among the people. This may be attributed to the following
o Choice of investors
o Lesser investment
o Money multiplier
o Liquidity
o Protection against inflation

CHAPTER-III
1.6 OBJECTIVES OF THE STUDY:

To Study of online trading

To analyze the share price movements.

To recapitulate the key findings and to offer suggestions to investor.

1.7 LIMITATIONS OF THE STUDY:

The main limitations of the study are as follows:

We cannot predict the price movements accurately whether the

price is moving up or coming down. We can predict the price
movements only based on assumptions.

This study consists of Nifty index only

Only a particular sector, Automobile industry is only taken for

consideration and only samples of five companies are taken.

1.8 IMPORTANCE OF THE STUDY:

A trading system is a set of instructions, which advise opening or closing
trading positions based on technical analysis. A trading system allows excluding
randomness in trading process. Trading module is divided into two types. Online
module and offline line module. Comparing to offline, online trading is gaining more
popular.The investment in equity requires sufficient knowledge on the behavior of the
equity market. The trends of each industry provide a barometer of how it is
performing and captures market, perceptions an expectation. Hence it will enable the
investors and others to evaluate the market and select the suitable share in their
individual decisions on investments.

1.9 RESEARCH METHODOLOGY:

1.9.1 Sources of data:
The study is based on secondary data. The data have been collected from
journals, books and websites.

1.9.2 Method of Sampling:

For the purpose of this analysis top five automobile companies namely Bajaj
auto, Tata Motors, Hero Motocorp, Maruti, Mahindra & Mahindra are taken for the
study. The sampling method used here is Convenience sampling.
1.9.3 Tools used for analysis:
Technical Analysis
Simple moving average
Money flow index
Correlation analysis

SIMPLE MOVING AVERAGE:

In the technical analysis the moving average is one of the key trend lines that
are plotted on a chart reflecting the closing prices over weeks. When the moving
average moves above the daily chart it may generate a buy or sell signal.A moving
average is an indicator that shows the average value of a securitys price over a period
of time. When calculating a moving average, a mathematical analysis of the securitys
average value over a predetermined time period is made. As the securities price
changes, its average price moves up or down. We can interpret a moving average by
comparing the relationship between the moving averages of the securities price with
the security price itself.

MONEY FLOW INDEX:

Money flow index measures the strength of money flowing into and out of the
stock. Money flow index is a momentum indicator that measures the strength of
money in and out of a security. The formula for calculating the money flow index is
as follows:
Average price of the day =
Money flow = Average price * days volume
If the price was up in a particular day it is Positive money flow index and it
can be concluded that the stock position is good during the particular day and this is
the signal to buy the particular stock and on the other hand if the price was low in the
particular day it can be concluded that the stock position is not satisfactory and this is
the signal to sell the particular stock.

10

CHAPTER IV

TABLE 1
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF BAJAJAUTO
FOR THE MONTH OF JULY-2012

DATE
31-JULY-12
30-JULY-12
27-JULY-12
26-JULY-12
24-JULY-12
23-JULY-12
20-JULY-12
19-JULY-12
18-JULY-12
17-JULY-12
16-JULY-12
13-JULY-12
12-JULY-12
11-JULY-12
10-JULY-12
09-JULY-12
06-JULY-12
05-JULY-12
04-JULY-12
03-JULY-12
02-JULY-12

CLOSINGPRICE MOVINGAVERAGE
1604.3
1604.9
1583.25
1582.45
1559.25
1561.4
1592.1
1547.8
1520.9
1445.05
1486.45
1499.05
1490.6
1511.5
1524.4
1505.7
1539.2
1555.95
1583.2
1561.95
1558.1

1597.483333
1590.2
1567.55
1560.533333
1570.916667
1567.1
1553.6
1504.583333
1484.133333
1476.85
1492.033333
1500.3833333
1508.833333
1513.866667
1523.1
1533.616667
1559.45
1567.033333
1567.75
1564.3

INTERPRETATION
From the above table, the closing price of Bajaj Auto as on 31st JULY 2012
is Rs.1604.3, which is above its moving average. Hence it has been trending up.
Therefore the security generates buy signal.

11

12
24-Jul-12
26-Jul-12
28-Jul-12
30-Jul-12

22-Jul-12

18-Jul-12
20-Jul-12

14-Jul-12
16-Jul-12

10-Jul-12
12-Jul-12

8-Jul-12

4-Jul-12
6-Jul-12

2-Jul-12

CHART - 1

THE MOVING AVERAGE OF BAJAJAUTO JULY-2012

1650

1600

1550

1500
CLOSINGPRICE

1450
MOVINGAVERAGE

1400

1350

TABLE 2
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF BAJAJAUTO
FOR THE MONTH OF JUNE-2012

DATE
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
08-Jun-12
07-Jun-12
06-Jun-12
05-Jun-12
04-Jun-12
01-Jun-12

CLOSING
PRICE
1572.85
1550.25
1558.75
1558.35
1548.4
1545.4
1536.25
1535.2
1535.4
1542.45
1527.3
1549.9
1560.5
1570.95
1563.45
1527.35
1544
1541.1
1492.3
1496.45
1498.8

MOVING
AVERAGE
1560.616667
1555.783333
1555.166667
1550.716667
1543.35
1538.95
1535.616667
1537.683333
1535.05
1539.883333
1545.9
1560.45
1564.966667
1553.916667
1544.933333
1537.483333
1525.8
1509.95
1495.85
1502.216667

INTERPRETATION
From the above table, the closing price of Bajaj Auto as on 29th JULY-2012 is
Rs.1572.85, which is above its moving average. Hence it has been trending up.
Therefore the security generates sell signal.

13

CHART - 2
THE MOVING AVERAGE OF BAJAJAUTO JUNE 2012

1580
1560
1540
1520
1500

CLOSING PRICE

1480

MOVING AVERAGE

1460
1440

14

TABLE 3
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF BAJAJ AUTO
FOR THE MONTH OF MAY-2012

DATE
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
09-May-12
08-May-12
07-May-12
04-May-12
03-May-12
02-May-12

CLOSING
PRICE
1511.4
1521
1529.25
1515.9
1492.75
1500.65
1487
1507.25
1517.45
1528.5
1575.35
1614.35
1608.65
1586.9
1558.15
1503.75
1518.2
1489.95
1518.1
1502.95
1560.5
1592.15

MOVING
AVERAGE
1520.55
1522.05
1512.633333
1512.633333
1493.466667
1498.3
1503.9
1517.733333
1540.433333
1572.733333
1599.45
1603.3
1584.566667
1549.6
1526.7
1503.966667
1508.75
1503.666667
1527.183333
1551.866667

INTERPRETATION
From the above table, the closing price of Bajaj Auto as on 31st MAY
2012 is Rs.1511.4, which is below its moving average. Hence it has been
trending down. Therefore the security generates buy signal

15

CHART - 3
THE MOVING AVERAGE OF BAJAJAUTO MAY 2012

1650
1600
1550

CLOSING PRICE

1500

MOVING AVERAGE
1450
1400

16

TABLE 4
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF HERO
MOTOCORP FOR THE MONTH OF JULY-2012

DATE
01-Aug-12
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
09-Jul-12
06-Jul-12
05-Jul-12
04-Jul-12
03-Jul-12
02-Jul-12

CLOSING
PRICE
1974.65
2005
2031.5
2010.05
2037.85
2031.5
2035.25
2052.2
2082
2088.7
2113.9
2097.1
2095.65
2086.75
2062.9
2036.35
2064.75
2027.05
2082.05
2121.15
2115.1
2096.5
2114.35

MOVING
AVERAGE
2003.716667
2015.516667
2026.466667
2026.466667
2034.866667
2039.65
2056.483333
2074.3
2094.866667
2099.9
2102.216667
2093.166667
2081.766667
2062
2054.666667
2042.716667
2057.95
2076.75
2106.1
2110.916667
2108.65
2120.083333

INTERPRETATION
From the above table, the closing price of Heromotocorp as on 1st AUGUST
2012 is Rs.1974.65, which is below its moving average. Hence it has been trending
down. Therefore the security generates sell signal.

17

CHART - 4
THE MOVING AVERAGE OF HEROMOTOCORP JULY 2012

2150

2100
2050

CLOSING PRICE

2000

MOVING AVERAGE

1950
1900

18

TABLE 5
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF HERO
MOTOCORP FOR THE MONTH OF JUNE-2012

DATE
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
08-Jun-12
07-Jun-12
06-Jun-12
05-Jun-12
04-Jun-12
01-Jun-12

CLOSING
PRICE
2149.4
2087
2054.9
2050.45
2030.8
2086.1
2071.65
2035.8
2000.4
1994
2000.05
1954.05
1954.1
1990.3
1975.3
2005.25
2001.15
1955.05
1865.2
1837.85
1821.35

MOVING
AVERAGE
2097.1
2064.116667
2045.383333
2055.783333
2062.85
2064.516667
2035.95
2010.067
1998.15
1982.7
1969.4
1966.15
1973.233
1990.283
1993.9
1987.15
1940.467
1886.033
1841.467
1219.733

INTERPRETATION
From the above table, the closing price of Hero Moto Corp as on 29th JUNE
2012 is Rs.2149.4, which is above its moving average. Hence it has been trending up.
Therefore the security generates sell signal.

19

CHART - 5
THE MOVING AVERAGE OF HEROMOTOCORP JUNE 2012

2500

2000
1500
CLOSING PRICE

1000

MOVING AVERAGE
500
0

20

TABLE 6
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF HERO
MOTOCORP FOR THE MONTH OF MAY-2012

DATE
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
09-May-12
08-May-12
07-May-12
04-May-12
03-May-12
02-May-12

CLOSING
PRICE
1830.1
1855.6
1860.75
1849.45
1841.45
1820.65
1829
1852.95
1864.05
1867.45
1895.85
1884.2
1893.5
1843.35
1843.7
1843.9
1872.2
1899.15
1953.6
1977.55
2073.05
2244.8

MOVING
AVERAGE
1848.816667
1855.266667
1850.55
1837.183333
1830.366667
1834.2
1848.666667
1861.483333
1875.783333
1882.5
1891.183333
1873.683333
1860.183333
1843.65
1853.266667
1871.75
1908.316667
1943.433333
2001.4
2098.466667
2098.466667

INTERPRETATION
From the above table, the closing price of Hero Moto Corp as on 31st MAY
2012 is Rs.1830.1, which is below its moving average. Hence it has been trending
down. Therefore the security generates buy signal.

21

CHART - 6
THE MOVING AVERAGE OF HEROMOTOCORP MAY 2012

740
730
720
710
700
690

CLOSING PRICE

680

MOVING AVERAGE

670
660
650

22

TABLE 7
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF MAHINDRA &
MAHINDRA FOR THE MONTH OF JULY -2012

DATE
01-Aug-12
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
09-Jul-12
06-Jul-12
05-Jul-12
04-Jul-12
03-Jul-12
02-Jul-12

CLOSING
PRICE
698.95
700.85
706.55
687.45
682
681.6
686
692.05
703.15
710.15
708.7
708.1
717.7
719.85
718.55
730.55
733.5
729.95
731.55
722.05
718.55
717.9
714.9

MOVING
AVERAGE
702.1166667
698.2833333
692
683.6833333
683.2
686.55
693.7333333
701.7833333
707.3333333
708.9833333
711.5
715.2166667
718.7
722.9833333
727.5333333
731.3333333
731.6666667
727.85
724.05
719.5
717.1166667
713.35

INTERPRETATION
From the above table, the closing price of Mahindra & Mahindra as on 1st
AUGUST is Rs.698.95, which is below its moving average. Hence it has been
trending down. Therefore the security generates buy signal.

23

CHART - 7
THE MOVING AVERAGE OF MAHINDRA & MAHINDRA JULY 2012

740
730
720
710
700
690

CLOSING PRICE

680

MOVING AVERAGE

670
660
650

24

TABLE 8
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF MAHINDRA &
MAHINDRA FOR THE MONTH OF JUNE -2012

DATE
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
08-Jun-12
07-Jun-12
06-Jun-12
05-Jun-12
04-Jun-12
01-Jun-12

CLOSING
PRICE
707.25
691.6
692.6
692.9
689.05
697.8
694.9
694.15
695.6
693.15
698.45
680.4
683.4
695.55
679.5
688.7
688.55
674.55
654.75
649.85
645.15

MOVING
AVERAGE
697.15
692.3666667
691.5166667
693.25
693.9166667
695.6166667
694.8833333
694.3
695.7333333
690.6666667
687.4166667
686.45
686.15
687.9166667
685.5833333
683.9333333
672.6166667
659.7166667
649.9166667
649.2

INTERPRETATION
From the above table, the closing price of Mahindra & Mahindra as on 29th
JUNE 2012 is Rs.707.25, which is above its moving average. Hence it has been
trending up. Therefore the security generates sell signal.

25

CHART - 8
THE MOVING AVERAGE OF MAHINDRA & MAHINDRA JUNE-2012

720
710
700
690
680
670
660
650
640
630
620
610

CLOSING PRICE
MOVING AVERAGE

26

TABLE 9
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF MAHINDRA &
MAHINDRA FOR THE MONTH OF MAY -2012

DATE
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
09-May-12
08-May-12
07-May-12
04-May-12
03-May-12
02-May-12

CLOSING
PRICE
652.6
657.5
655.35
653.9
638.3
652.7
644.65
647.3
641.45
636.65
656.45
654.9
656.9
655.05
660.75
655.3
676.65
690
687.05
705.65
715.5

MOVING
AVERAGE
655.15
655.5833333
649.1833333
648.3
645.2166667
645.2666667
642.4
641.8
644.85
649.3333333
656.0833333
655.6166667
657.5666667
657.0333333
664.2333333
673.9833333
684.5666667
694.2333333
702.7333333

INTERPRETATION
From the above table, the closing price of Mahindra & Mahindra as on 31st
MAY 2012 is Rs.652.6, which is below its moving average. Hence it has been
trending down. Therefore the security generates sell signal.

27

CHART - 9
THE MOVING AVERAGE OF MAHINDRA & MAHINDRA MAY 2012

740

720
700
680
660
CLOSING PRICE

640

MOVING AVERAGE

620
600
580

28

TABLE 10
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF MARUTHI
FOR THE MONTH OF JULY -2012

DATE
01-Aug-12
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
09-Jul-12
06-Jul-12
05-Jul-12
04-Jul-12
03-Jul-12
02-Jul-12

CLOSING
PRICE
1125.6
1134.85
1119.9
1112.95
1108.55
1102.95
1106.9
1079.95
1147.5
1117.3
1226.6
1196.2
1203.3
1183.95
1195.6
1203.4
1220.55
1187.75
1215.5
1240.3
1221.15
1191.65
1178.5

MOVING
AVERAGE
1126.783333
1122.566667
1113.8
1108.15
1106.133333
1096.6
1111.45
1114.916667
1163.8
1180.033333
1208.7
1194.483333
1194.283333
1194.316667
1206.516667
1203.9
1207.933333
1214.516667
1225.65
1217.7
1197.1
1179.966667

INTERPRETATION
From the above table, the closing price of Maruthi as on 1st AUGUST 2012 is
Rs.1125.6, which is below its moving average. Hence it has been trending down.
Therefore the security generates buy signal.

29

CHART -10
THE MOVING AVERAGE OF MARUTHI JULY 2012

1300
1250
1200
1150
1100

CLOSING PRICE

1050

MOVING AVERAGE

1000
950

30

TABLE 11
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF MARUTHI
FOR THEMONTH OF JUNE -2012

DATE
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
08-Jun-12
07-Jun-12
06-Jun-12
05-Jun-12
04-Jun-12
01-Jun-12

CLOSING
PRICE
1169.75
1120.85
1121.7
1113.2
1113.9
1102.1
1088.85
1076.4
1090.95
1091.8
1106.8
1080.1
1107.75
1144.55
1110.5
1124.05
1143.25
1107.95
1079
1067.5
1074.85

MOVING
PRICE
1156.366667
1137.433333
1118.583333
1116.266667
1109.733333
1101.616667
1089.116667
1085.4
1086.383333
1096.516667
1092.9
1098.216667
1110.8
1120.933333
1126.366667
1125.933333
1125.083333
1110.066667
1084.816667
1073.783333

INTERPRETATION
From the above table, the closing price of Maruti as on 29th JUNE 2012 is
Rs.1169.75, which is above its moving average. Hence it has been trending up.
Therefore the security generates buy signal

31

CHART - 11
THE MOVING AVERAGE OF MARUTI JUNE 2012

1180
1160
1140
1120
1100

CLOSING PRICE

1080

MOVING PRICE

1060
1040
1020
1000
1-Jun-12

8-Jun-12

15-Jun-12

22-Jun-12

32

29-Jun-12

TABLE 12
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF MARUTHI
FOR THE MONTH OF MAY -2012

DATE
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
09-May-12
08-May-12
07-May-12
04-May-12
03-May-12
02-May-12

CLOSING
PRICE
1100.25
1151.05
1128.35
1103.55
1119
1144.45
1153.1
1153.95
1208.8
1166.65
1205.3
1192.1
1217.3
1249
1235.25
1261.85
1301.25
1306
1310.85
1281.3
1290
1332.9

MOVING
AVERAGE
1108.716667
1126.55
1127.65
1116.966667
1122.333333
1138.85
1150.5
1171.95
1176.466667
1193.583333
1188.016667
1204.9
1219.466667
1233.85
1248.7
1266.116667
1289.7
1306.033333
1299.383333
1294.05
1301.4

INTERPRETATION
From the above table, the closing price of MARUTHI as on 31st MAY 2012
is Rs.1100.25, which is below its moving average. Hence it has been trending down.
Therefore the security generates buy signal.

33

CHART - 12
THE MOVING AVERAGE OF MARUTHI MAY 2012

1400
1200
1000
800
600

CLOSING PRICE

400

MOVING AVERAGE

200
0

34

TABLE 13
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF TATA MOTORS
FOR THE MONTH OF JULY -2012

DATE
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
09-Jul-12
06-Jul-12
05-Jul-12
04-Jul-12
03-Jul-12
02-Jul-12

CLOSING
PRICE
226.25
221.7
212.85
205.1
213
215.85
216.05
223.4
224.8
221.6
225.9
229.25
235.95
236.8
241.45
246.5
240.85
240.65
240
236.2
237.55
237.95

MOVING
AVERAGE
220.2666667
213.2166667
210.3166667
211.3166667
214.9666667
218.4333333
221.4166667
223.2666667
224.1
225.5833333
230.3666667
234
238.0666667
241.5833333
242.9333333
242.6666667
240.5
238.95
237.9166667
237.2333333
158.5

INTERPRETATION
From the above table, the closing price of Tata motors as on 31st JULY 2012
is Rs. 226.25, which is above its moving average. Hence it has been trending up.
Therefore the security generates sell signal

35

CHART - 13
THE MOVING AVERAGE OF TAT MOTORS JULY 2012

300
250
200
CLOSING PRICE

150

MOVING AVERAGE
100
50
0
2-Jul-12

9-Jul-12

16-Jul-12

23-Jul-12

36

30-Jul-12

TABLE 14
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF TATA MOTORS
FOR THE MONTH OF JUNE -2012

DATE
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
08-Jun-12
07-Jun-12
06-Jun-12
05-Jun-12
04-Jun-12
01-Jun-12

CLOSING
PRICE
242.45
240.35
239.2
246.7
246.2
247.1
248.2
245.95
238.15
237.95
240.3
226.7
237.4
242.95
235.5
239.2
236.45
234.4
221.65
228.85
224.55

MOVING AVERAGE
240.6666667
242.0833333
244.0333333
246.6666667
247.1666667
247.0833333
244.1
240.6833333
238.8
234.9833333
234.8
235.6833333
238.6166667
239.2166667
237.05
236.6833333
230.8333333
228.3
225.0166667
151.1333333

INTERPRETATION
From the above table, the closing price of Tata motors as on 31st JUNE 2012
is Rs. 242.45, which is above its moving average. Hence it has been trending up.
Therefore the security generates sell signal

37

CHART - 14
THE MOVING AVERAGE OF TAT MOTORS JUNE 2012

300
250
200
150
CLOSING PRICE
100

MOVING AVERAGE

50
0

38

TABLE 15
MOVING AVERAGE OF SHARE PRICE MOVEMENTS OF TATA MOTORS
FOR THE MONTH OF MAY-2012

DATE
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
09-May-12
08-May-12
07-May-12
04-May-12
03-May-12
02-May-12

CLOSING
PRICE
233
243.05
275.75
276.6
269.05
267
261.45
265.1
261.85
259.9
271.15
269
290.35
290.6
297.5
289.2
292.85
296.4
308.4
301.8
300.95
304.5

MOVING
AVERAGE
250.6
265.1333333
273.8
270.8833333
265.8333333
264.5166667
262.8
262.2833333
264.3
266.6833333
276.8333333
283.3166667
292.8166667
292.4333333
293.1833333
292.8166667
299.2166667
302.2
303.7166667
302.4166667
201.8166667

INTERPRETATION
From the above table, the closing price of Tata motors as on 31st JUNE 2012
is Rs.233, which is below its moving average. Hence it has been trending down.
Therefore the security generates buy signal.

39

CHART - 15
THE MOVING AVERAGE OF TAT MOTORS MAY 2012

350
300
250
200
150

CLOSING PRICE

100

MOVING AVERAGE

50
0

40

TABLE 16
ANALYSES FOR MONEY FLOW INDEX OF BAJAJAUTO -2012

Date
01-Aug-12
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
09-Jul-12
06-Jul-12
05-Jul-12
04-Jul-12
03-Jul-12
02-Jul-12
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12

High
1629
1618.3
1611.7
1605.9
1596.95
1569.8
1579.8
1588.8
1596
1565
1525
1493.1
1511.7
1503.65
1517.95
1520
1535.55
1534.5
1562.1
1563
1590.9
1572
1580
1579
1567
1568.8
1567
1559.85
1558.85
1545
1541
1545.15
1555
1550
1577

Low
1590.25
1586.1
1579
1570.5
1565
1534
1550.85
1556
1523.05
1506
1425.1
1431.7
1481
1484.1
1485
1500.05
1505.1
1491.2
1531.25
1545.15
1558
1550.1
1548.05
1556.1
1545
1551.95
1542
1538.1
1524
1516.2
1528.65
1526
1520
1515
1539

Close
1615.15
1604.3
1604.9
1583.25
1582.45
1560.95
1559.25
1561.4
1592.1
1547.8
1520.9
1445.05
1486.45
1499.05
1490.6
1511.5
1524.4
1505.7
1539.2
1555.95
1583.2
1561.95
1558.1
1572.85
1550.25
1558.75
1558.35
1548.4
1545.4
1536.25
1535.2
1535.4
1542.45
1527.3
1549.9
41

Qty
525071
503997
413292
221820
719168
553441
362740
405812
1168722
1265315
2626124
1111465
375382
323062
390285
376183
296711
370594
469624
529214
735299
342167
436558
373990
330958
289380
330128
292270
435310
618693
527580
199100
327747
1652948
334879

avg price
1607.85
1603.1
1591.317
1586.283
1574.3
1554.35
1564.017
1578.967
1555.617
1530.633
1465.05
1470.417
1497.25
1492.783
1504.817
1514.817
1515.45
1521.633
1549.767
1563.783
1570.283
1560.067
1566.967
1561.783
1556.917
1559.7
1552.467
1547.783
1539.7
1532.133
1535.017
1537.867
1534.1
1538.3
1558.833

money flow
844235407.4
807957590.7
657678447.8
351869369
1132186182
860241018.4
567331405.7
640763620.9
1818083422
1936733316
3847402966
1634316660
562040699.5
482261569.2
587307372.8
569848278.1
449650685
563908183.5
727807621.1
827576033
1154627765
533803331.1
684071834.1
584091348.8
515274026.2
451345986
512512715.7
452370634.8
670246807
947920168.4
809844093
306189253.3
502796672.7
2542729908
522020547.8

CONTINUE ANALYSIS FOR MONEY FLOW INDEX OF BAJAJ AUTO -2012

13-Jun-12
12-Jun-12
11-Jun-12
8-Jun-12
07-Jun-12
06-Jun-12
05-Jun-12
04-Jun-12
01- Jun-12
31-May12
29-May12
28-May12
25-May12
24-May12
23-May12
22-May12
21-May12
18-May12
17-May12
16-May12
15-May12
14-May12
11-May12
10-May12
09-May12
08-May12
07-May12
04-May12
03-May12
02-May12
01-May12

1578.5
1582.4
1576.4
1540
1567
1550
1498.9
1504.5
1514.4
1530.9
1529
1533.05
1519.95
1525
1508
1496.55
1537
1540
1555
1637.5
1629
1619
1599
1566.1
1548.95
1528.5
1532.2
1529.85
1559
1590
1638.9

1544.1
1548.1
1532.25
1515
1533.15
1498
1480
1452.8
1485.1
1496.15
1505.05
1494
1490
1481.1
1455.1
1475.25
1494.05
1498
1523.25
1561
1572.65
1567.4
1551.1
1486.1
1492
1471.85
1481.1
1470.4
1492
1524.3
1585

1560.5
1570.95
1563.45
1527.35
1544
1541.1
1492.3
1496.45
1498.8
1511.4
1521
1529.25
1515.9
1492.75
1500.65
1487
1507.25
1517.45
1528.5
1575.35
1614.35
1608.65
1586.9
1558.15
1503.75
1518.2
1489.95
1518.1
1502.95
1560.5
1592.15

42

366237
585258
890334
529633
504257
505154
562186
354252
513157
557963
320035
502749
222665
508349
317883
662611
537075
438608
419088
1347787
420813
564739
771726
324933
363771
449675
721085
849042
1206447
747841
455150

1564.517
1564.65
1545.333
1533
1547.083
1513.433
1491.783
1485.367
1503.633
1516.017
1521.1
1514.317
1500.9
1502.25
1483.367
1493.017
1516.167
1522.167
1551.2
1604.283
1603.433
1591.1
1569.417
1518.65
1519.717
1496.767
1510.467
1501.067
1537.167
1568.817
1074.633

572983890.5
915723929.7
1375862808
811927389
780127600.4
764516902.1
838659705
526194112.4
771599970.4
845881207.4
486805238.5
761321189.9
334197898.5
763667285.3
471537046.1
989289266.5
814295212.5
667634477.3
650089305.6
2162232221
674745591.3
898556222.9
1211159647
493459500.5
552828851.6
673058550.8
1089174856
1274468645
1854510114
1173225425
489119361.7

INTERPRETATION
The above table shows the analysis of money flow index. Take for example the
th

27 day of JULY the money flow is 657678447.8 and the money flow of 30th JULY
is 351869369. So it shows positive money flow over the day. So, it can be concluded
that the investors can purchase the securities. Take for example the 13
JUNE

th

day of the

money flow is 572983890.5 and the money flow of 15th JUNE is

2542729908. This is negativeand it can be concluded that it is not a good sign to

purchase.

43

TABLE 17
ANALYSES FOR MONEY FLOW INDEX OF HERO MOTOCORP

Date
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
9-Jul-12
6-Jul-12
5-Jul-12
4-Jul-12
3-Jul-12
2-Jul-12
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
8-Jun-12
7-Jun-12
6-Jun-12
5-Jun-12
4-Jun-12

High Price
2040
2037
2064.6
2047.9
2045
2064
2083.35
2097.35
2135.7
2124
2121.15
2111.9
2090
2075
2077.75
2067.4
2082.3
2132.4
2132.2
2125
2138
2148
2160
2099
2071.25
2060
2108.75
2112
2080.65
2055
2014.3
2043.9
2019
1979.9
2004
2015
2025
2018.8
2009
1973.95
1875
1843.8

Low Price
1990.5
2005.35
1978.6
2015
2015
2026.1
2043.25
2041.45
2066.3
2060
2093.7
2081.25
2065
2020.2
2032.2
2027
2022
2072.6
2106.4
2098.1
2083.45
2106.1
2094
2040
2043
2010
2021.3
2055
2019.75
2003.65
1982
1976.8
1957.95
1936.1
1945.3
1956.5
1962.05
1967.7
1963.05
1880.65
1846
1805

Close Price
2005
2031.5
2010.05
2037.85
2031.5
2035.25
2052.2
2082
2088.7
2113.9
2097.1
2095.65
2086.75
2062.9
2036.35
2064.75
2027.05
2082.05
2121.15
2115.1
2096.5
2114.35
2149.4
2087
2054.9
2050.45
2030.8
2086.1
2071.65
2035.8
2000.4
1994
2000.05
1954.05
1954.1
1990.3
1975.3
2005.25
2001.15
1955.05
1865.2
1837.85
44

Quantity
average
250683 2011.833333
153133 2024.616667
426103
2017.75
378172 2033.583333
246390
2030.5
401269 2041.783333
333826
2059.6
519315
2073.6
966016
2096.9
165175
2099.3
295022 2103.983333
150739 2096.266667
173741 2080.583333
280626
2052.7
266366 2048.766667
184155
2053.05
362749 2043.783333
322363 2095.683333
208820 2119.916667
176569 2112.733333
360037 2105.983333
327541 2122.816667
367416 2134.466667
334237 2075.333333
173035 2056.383333
299434
2040.15
291067 2053.616667
505816 2084.366667
352542
2057.35
397108 2031.483333
289973
1998.9
245442
2004.9
410026 1992.333333
214600 1956.683333
343187
1967.8
418856 1987.266667
322677
1987.45
289383
1997.25
472620 1991.066667
806980
1936.55
559614 1862.066667
459633 1828.883333

money flow
504332415.5
310035624
859769328.3
769044276.3
500294895
819304356.4
687548029.6
1076851584
2025638950
346751877.5
620721371
315989141.1
361482628.9
576040990.2
545721781.9
378079422.8
741380360.4
675570766.4
442680998.3
373043211.9
758231921.4
695309493.8
784237204.8
693653187.3
355826290.1
610890275.1
597740042.3
1054306010
725302283.7
806718283.5
579627029.7
492086665.8
816908467.3
419904243.3
675323378.6
832378566.9
641304403.7
577970196.8
941017928
1562757119
1042038576
840615133.2

1-Jun-12
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
9-May-12
8-May-12
7-May-12
4-May-12
3-May-12
2-May-12

1834
1851.95
1867.5
1868
1861.95
1848
1836
1850.5
1894.8
1884.25
1885
1921.6
1904.25
1907.25
1868
1878
1923.5
1924
1991
1971.55
2057.25
2173
2279

1810
1821
1840.2
1850.1
1832
1810.25
1795.15
1808
1842.55
1852
1836.5
1880.25
1851.1
1826.3
1818.5
1835.55
1821.05
1862
1880
1893.75
1966.2
2052.1
2202.65

1821.35
1830.1
1855.6
1860.75
1849.45
1841.45
1820.65
1829
1852.95
1864.05
1867.45
1895.85
1884.2
1893.5
1843.35
1843.7
1843.9
1872.2
1899.15
1953.6
1977.55
2073.05
2244.8

45

265295
422840
674169
468387
243473
425930
492497
936900
559720
349560
378834
595177
575493
810386
364980
391941
690913
646494
647552
1240864
1263364
2058877
604222

1821.783333
1834.35
1854.433333
1859.616667
1847.8
1833.233333
1817.266667
1829.166667
1863.433333
1866.766667
1862.983333
1899.233333
1879.85
1875.683333
1843.283333
1852.416667
1862.816667
1886.066667
1923.383333
1939.633333
2000.333333
2099.383333
2242.15

483310009.4
775636554
1250201466
871020271.7
449889409.4
780829073.7
894998381.5
1713746250
1043000905
652546956
705761428.1
1130379998
1081840516
1520027514
672761551
726038040.8
1287044252
1219330784
1245490724
2406821177
2527149121
4322372059
1354756357

INTERPRETATION
The above table shows the analysis of money flow index. Take for example the
4th day of JULY the money flow is 373043211.9 and the money flow of 9th JULY is
741380360.4. So it shows positive money flow over the day. So, it can be concluded
that the investors can purchase the securities. Take for example the 10th day of the
MAY money flow is 1287044252, and the money flow of 14th day of MAY is
672761551. This is negative and it can be concluded that it is not a good sign to
purchase.

TABLE 18
ANALYSES FOR MONEY FLOW INDEX OF MAHINDRA AND MAHINDRA

46

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

High Price

Low Price

712
709
695.9
686.9
687.2
699.55
706
712.3
717.95
712.9
725.15
728
725
723.75
738.95
737
736.95
733.5
726
727.7
721.75
718
712.8
701.55
700.9
697
707.5
703.8
697
702.35
700
709.9
700.9
694
691.25
699.55
696.25
694
691.85
676
657.9
650.5
654.8

690.15
688.35
681.85
678.25
675.1
683
691
700
706.55
694
703.2
716.15
716.6
716
728
730
726.5
722.05
716.4
716.35
713
701.1
699.2
685
685.35
686.2
686.2
688
682.8
692.5
690.05
684.25
683.1
677.6
675.45
674.3
675.9
676.8
666
656.6
650
636.25
639

Close
Price
700.85
706.55
687.45
682
681.6
686
692.05
703.15
710.15
708.7
708.1
717.7
719.85
718.55
730.55
733.5
729.95
731.55
722.05
718.55
717.9
714.9
707.25
691.6
692.6
692.9
689.05
697.8
694.9
694.15
695.6
693.15
698.45
680.4
683.4
695.55
679.5
688.7
688.55
674.55
654.75
649.85
645.15
47

Quantity
1568169
889927
911984
1151116
471167
532132
450166
417031
861542
790467
781138
981620
634728
1575505
1884419
1477163
1696902
1879707
912743
1375696
752593
1208212
1342776
1548984
695201
541159
977185
909295
953966
907487
913813
1054714
1827078
908063
1473721
709231
731648
1263111
1338212
1537228
779737
808379
2239760

average
moneyflowindex
price
701
1099286469
701.3
624105805.1
688.4
627809785.6
682.3833333
785502373.1
681.3
321006077.1
689.5166667
366913882.9
696.35
313473094.1
705.15
294069409.7
711.55
613030210.1
705.2
557437328.4
712.15
556287426.7
720.6166667
707371732.3
720.4833333
457310945.2
719.4333333
1133470814
732.5
1380336918
733.5
1083499061
731.1333333
1240661616
729.0333333
1370369060
721.4833333
658528862.1
720.8666667
991693389.9
717.55
540023107.2
711.3333333
859441469.3
706.4166667
948559346
692.7166667
1073007033
692.95
481739533
692.0333333
374500066.6
694.25
678410686.3
696.5333333
633354277.3
691.5666667
659731086.7
696.3333333
631913447.7
695.2166667
635298027.8
695.7666667
733834844.1
694.15
1268266194
684
621115092
683.3666667
1007091807
689.8
489227543.8
683.8833333
500361873.1
686.5
867125701.5
682.1333333
912839012.3
669.05
1028482393
654.2166667
510116941
645.5333333
521835590.5
646.3166667
1447594217

31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
09-May-12
08-May-12
07-May-12
04-May-12
03-May-12
02-May-12

657.5
662.8
660.7
656
651.4
656.8
648.2
656
653.9
649.45
664.5
659
659.8
669.9
662
677
672.6
699
699
702.45
715
720.95

648.05
647.5
652.3
640.35
636
634.1
633.95
635.4
636.25
621.1
633.15
639.85
648.45
654.6
642
653.05
648
674.15
669.05
681.7
701.4
711.2

652.6
657.5
655.35
653.9
638.3
652.7
644.65
638.45
647.3
641.45
636.65
656.45
654.9
656.9
655.05
660.75
655.3
676.65
690
687.05
705.65
715.5

48

2201367
2510679
883271
787337
1087946
1476621
1734558
734090
429136
1154976
1321515
1457121
1117243
1186059
1761076
2118066
1554542
932757
2115905
2053454
855005
1753553

652.7166667
655.9333333
656.1166667
650.0833333
641.9
647.8666667
642.2666667
643.2833333
645.8166667
637.3333333
644.7666667
651.7666667
654.3833333
660.4666667
653.0166667
663.6
658.6333333
683.2666667
686.0166667
690.4
707.35
715.8833333

1436868930
1646838045
579528824.3
511834661.4
698352537.4
956653525.2
1114048785
472227862.2
277143181.1
736104704
852068821.5
949702897.1
731105198.5
783352434.2
1150011979
1405548598
1023873179
637321766.2
1451546095
1417704642
604787786.8
1255339367

INTERPRETATION
The above table shows the analysis of money flow index. Take for example
th

the 20 day of JULY the money flow is 294069409.7, and the money flow of 26th
JULY is 785502373.1. So it shows positive money flow over the day. So, it can be
concluded that the investors can purchase the securities. Take for example the 8th day
of the JUNE money flow is 569848278.1and the money flow of 12thJUNE is
489227543.8. This is negative and it can be concluded that it is not a good sign to
purchase.

49

TABLE 19
ANALYSES FOR MONEY FLOW INDEX OF MARUTHI

Date
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
9-Jul-12
6-Jul-12
5-Jul-12
4-Jul-12
3-Jul-12
2-Jul-12
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
8-Jun-12

High
Price
1137.6
1124.5
1124.95
1125.6
1107.8
1119
1107
1151.7
1175
1229
1215.75
1212.95
1207.9
1216
1218
1228.8
1213
1242
1250
1224.5
1201.2
1204.8
1176
1132
1124
1120.95
1133.9
1113.3
1094
1092.55
1103.7
1127.45
1110
1125.3
1144
1152.8
1143.4
1137

Low Price
1112.75
1082.65
1106.05
1098.6
1085.95
1085.25
1074.3
1094.75
1110
1186.8
1190.6
1178.4
1175.65
1189.15
1200.05
1181
1183.75
1211.5
1213.5
1197.25
1185.45
1155
1140
1110.35
1109
1105.05
1106.6
1074.5
1062.1
1073
1076.4
1083.5
1077.3
1073.15
1102.5
1103.35
1102
1111.15

Close Price
1134.85
1119.9
1112.95
1108.55
1102.95
1106.9
1079.95
1147.5
1117.3
1226.6
1196.2
1203.3
1183.95
1195.6
1203.4
1220.55
1187.75
1215.5
1240.3
1221.15
1191.65
1178.5
1169.75
1120.85
1121.7
1113.2
1113.9
1102.1
1088.85
1076.4
1090.95
1091.8
1106.8
1080.1
1107.75
1144.55
1110.5
1124.05
50

Quantity
708501
1353345
884839
2109342
1202467
2373402
4040249
4553438
8345304
508727
273112
599666
592804
559552
407383
794615
403988
611047
1278118
1044761
973813
1141219
1346720
516495
532527
302263
910242
904652
844982
616008
430252
610175
685861
882665
1333440
534252
724281
456053

average price
1128.4
1109.016667
1114.65
1110.916667
1098.9
1103.716667
1087.083333
1131.316667
1134.1
1214.133333
1200.85
1198.216667
1189.166667
1200.25
1207.15
1210.116667
1194.833333
1223
1234.6
1214.3
1192.766667
1179.433333
1161.916667
1121.066667
1118.233333
1113.066667
1118.133333
1096.633333
1081.65
1080.65
1090.35
1100.916667
1098.033333
1092.85
1118.083333
1133.566667
1118.633333
1124.066667

money flow
index
799472528.4
1500882161
986285791.4
2343303184
1321390986
2619563344
4392087350
5151380300
9464409266
617662408.3
327966545.2
718529795.6
704942756.7
671602288
491772388.5
961576855.1
482698328.7
747310481
1577964483
1268653282
1161531686
1345991729
1564776413
579025328
595489442.3
336438869.9
1017771922
992071538.3
913974780.3
665689045.2
469125268.2
671751827.1
753098240
964620445.3
1490897040
605610258.8
810204869.3
512633975.5

Continued analyses for money flow index of MARUTHI

7-Jun-12
6-Jun-12
5-Jun-12
4-Jun-12
1-Jun-12
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
9-May-12
8-May-12
7-May-12
4-May-12
3-May-12
2-May-12

1146.4
1115.8
1089.9
1078
1118.6
1134.35
1157.35
1136.2
1130
1150
1148.85
1163.9
1224.6
1215.95
1193
1218
1202.25
1239.9
1258
1251.15
1305.4
1312
1331.7
1329
1291.5
1329.8
1384.5

1110.6
1076.35
1058.3
1051
1071
1093.15
1110
1105
1098.2
1109
1115.45
1116
1143.35
1170.55
1156
1188
1167.35
1205.1
1231.85
1217.1
1250.15
1285.55
1299.05
1254
1260.95
1284.1
1324

1143.25
1107.95
1079
1067.5
1074.85
1100.25
1151.05
1128.35
1103.55
1119
1144.45
1153.1
1153.95
1208.8
1166.65
1205.3
1192.1
1217.3
1249
1235.25
1261.85
1301.25
1306
1310.85
1281.3
1290
1332.9

51

984712
925831
605028
548592
879733
3301123
1151146
817104
874095
921129
955704
782054
950870
413870
612497
599674
673604
567302
491946
486137
415223
330149
632978
680698
644798
662791
666676

1133.416667
1100.033333
1075.733333
1065.5
1088.15
1109.25
1139.466667
1123.183333
1110.583333
1126
1136.25
1144.333333
1173.966667
1198.433333
1171.883333
1203.766667
1187.233333
1220.766667
1246.283333
1234.5
1272.466667
1299.6
1312.25
1297.95
1277.916667
1301.3
1347.133333

1116088993
1018444961
650848787.2
584524776
957281464
3661770688
1311692495
917757594.4
970755338.8
1037191254
1085918670
894930460.7
1116289684
495995603.7
717775026
721867572.1
799725122.3
692543371.5
613104100.7
600136126.5
528357426.7
429061640.4
830625380.5
883511969.1
823998110.8
862489928.3
898101462.1

INTERPRETATION
The above table shows the analysis of money flow index. Take for example
the 17th day of JULY the money flow is 327966545.2, and the money flow of 19th
JULY is 9464409266. So it shows positive money flow over the day. So, it can be
concluded that the investors can purchase the securities. Take for example the 4th day
of the MAY money flow is 823998110.8, and the money flow of 10th MAY is
528357426.7. This is negative and it can be concluded that it is not a good sign to
purchase.

52

TABLE 20
ANALYSES FOR MONEY FLOW INDEX OF TATA MOTORS

Date
31-Jul-12
30-Jul-12
27-Jul-12
26-Jul-12
25-Jul-12
24-Jul-12
23-Jul-12
20-Jul-12
19-Jul-12
18-Jul-12
17-Jul-12
16-Jul-12
13-Jul-12
12-Jul-12
11-Jul-12
10-Jul-12
9-Jul-12
6-Jul-12
5-Jul-12
4-Jul-12
3-Jul-12
2-Jul-12
29-Jun-12
28-Jun-12
27-Jun-12
26-Jun-12
25-Jun-12
22-Jun-12
21-Jun-12
20-Jun-12
19-Jun-12
18-Jun-12
15-Jun-12
14-Jun-12
13-Jun-12
12-Jun-12
11-Jun-12
8-Jun-12

High
Low Price Close Price
Price
227
217.15
226.25
222.8
215.35
221.7
215.4
209.2
212.85
213.3
203.05
205.1
215.2
211.1
213
217.8
213.35
215.85
221
215
216.05
225.45
222.05
223.4
226.5
223.8
224.8
223.9
218.4
221.6
232.35
225.25
225.9
238.3
228.6
229.25
238.5
234.25
235.95
240.8
235.8
236.8
246.3
239.8
241.45
248.4
241.85
246.5
243.3
238.2
240.85
243.7
237.4
240.65
240.65
234.55
240
241.25
235.55
236.2
241.4
235.1
237.55
242.45
237.55
237.95
246.25
240.5
242.45
242
232.75
240.35
249.15
238.25
239.2
248.8
244.1
246.7
251.9
245
246.2
251.2
242.3
247.1
249.8
242.65
248.2
247.4
240
245.95
242.6
236.25
238.15
248
234.25
237.95
241.45
228.1
240.3
239.45
225.6
226.7
244
236.25
237.4
243.8
232.55
242.95
243.95
233.6
235.5
239.95
232.9
239.2
53

Quantity
11178071
8997520
11726479
14417520
6727477
7290178
5700081
3899157
6606574
11771162
11887659
8649159
8215071
9412858
8699929
12445794
10221053
12310003
11400793
10541013
9144318
9226173
13145042
14726077
9252334
4812673
11353072
12861789
11224327
13169322
10439657
18164571
16396352
12660831
9855791
12949161
9868143
10370787

average price
223.4666667
219.95
212.4833333
207.15
213.1
215.6666667
217.35
223.6333333
225.0333333
221.3
227.8333333
232.05
236.2333333
237.8
242.5166667
245.5833333
240.7833333
240.5833333
238.4
237.6666667
238.0166667
239.3166667
243.0666667
238.3666667
242.2
246.5333333
247.7
246.8666667
246.8833333
244.45
239
240.0666667
236.6166667
230.5833333
239.2166667
239.7666667
237.6833333
237.35

money flow
index
2497926266
1979004524
2491681346
2986589268
1433625349
1572248389
1238912605
871981477.1
1486699369
2604958151
2708404976
2007037346
1940673606
2238377632
2109877781
3056479577
2461059212
2961581555
2717949051
2505247423
2176500089
2207976968
3195121542
3510205888
2240915295
1186484317
2812155934
3175146978
2771099264
3219240763
2495078023
4360708011
3879650156
2919376615
2357669470
3104777169
2345493122
2461506294

CONTINUED ANALYSES FOR MONEY FLOW INDEX OF TATA MOTORS

7-Jun-12
6-Jun-12
5-Jun-12
4-Jun-12
1-Jun-12
31-May-12
30-May-12
29-May-12
28-May-12
25-May-12
24-May-12
23-May-12
22-May-12
21-May-12
18-May-12
17-May-12
16-May-12
15-May-12
14-May-12
11-May-12
10-May-12
9-May-12
8-May-12
7-May-12
4-May-12
3-May-12
2-May-12

238.9
236.4
229.35
230.4
236
239.1
259.8
283.1
277.65
271.8
268.05
265.45
269.65
264.25
266.7
275.9
277.05
292.5
300.65
301.9
297.15
297.3
309.55
310
303.7
305
312.95

232.05
223.15
221.05
217.25
222.55
230.3
241.55
273.05
268.05
262.35
256.9
259.5
263.4
258.1
256
263.65
267.75
284.65
285.65
288.05
287.1
289.4
295
291.55
295.3
299.4
303.65

236.45
234.4
221.65
228.85
224.55
233
243.05
275.75
276.6
269.05
267
261.45
265.1
261.85
259.9
271.15
269
290.35
290.6
297.5
289.2
292.85
296.4
308.4
301.8
300.95
304.5

54

13589288
26730021
15397005
18440204
23853819
37435731
40496695
12557243
8099946
5198207
8791666
7773910
8507484
7849273
12592092
13669207
23045441
9120585
7048752
7947629
6651924
11204204
10733073
13072268
11603174
10047793
10171961

235.8
231.3166667
224.0166667
225.5
227.7
234.1333333
248.1333333
277.3
274.1
267.7333333
263.9833333
262.1333333
266.05
261.4
260.8666667
270.2333333
271.2666667
289.1666667
292.3
295.8166667
291.15
293.1833333
300.3166667
303.3166667
300.2666667
301.7833333
307.0333333

3204354110
6183099358
3449185737
4158266002
5431514586
8764952485
10048579919
3482123484
2220195199
1391733287
2320853296
2037800941
2263416118
2051799962
3284857066
3693875372
6251459962
2637369163
2060350210
2351041119
1936707673
3284885876
3223320706
3965036756
3484046380
3032256464
3123131092

INTERPRETATION
The above table shows the analysis of money flow index. Take for example
th

the 20 day of JULY the money flow is 871981477.1, and the money flow of 24th
JULY is 1572248389. So it shows positive money flow over the day. So, it can be
concluded that the investors can purchase the securities. Take for example the 5th day
of the JULY money flow is 2717949051, and the money flow of 9thJULY is
2461059212. This is negative and it can be concluded that it is not a good sign to
purchase.

55

FINDINGS

Bajaj auto: In the month of JULY and JUNE the scrip has been trending up
and in the month of MAY the scrip has been trending down. So the scrip
showed an optimistic trend for three months.

Hero Moto corps: In the month of JULY and JUNE the scrip has been trending
up and in the month of MAY the scrip has been trending down. So the scrip
showed a pessimistic trend for three months.

Mahindra & Mahindra: In the month of JULY and MAY the scrip has been
trending down and in the month of JUNE the scrip has been trending up. So
the scrip showed a pessimistic trend for three months.

Maruthi: In the month of JULY and MAY the scrip has been trending down
and in the month of JUNE the scrip has been trending up. So the scrip showed
a pessimistic trend for three months.

Tata motors: In the month of JULY and JUNE the scrip has been trending up
and in the month of MAY the scrip has been trending down. So the scrip
showed a optimistic trend for three months.

56

SUGGESTIONS

The stock trend of Bajaj auto is very good, and it is better for long term
investment.

The stock trend of Hero Moto corps is very good, and it is better for long term
investment.

The stock trend of Mahindra & Mahindra is not good, one can gain in
fluctuations.

The stock trend of Maruthi is not good, one can gain in fluctuations.

The stock trend of Tata motors is very good, and it is better for long term
investments.

Share khan should offer suitable guidelines to the share holders

About the buying and selling of securities.

57

CONCLUSION
Equity is often considered as the main engine deriving the economy equity
markets allow savers to acquire stake in a firm and sell it if they need access to their
savings or if they want to alter their portfolio. At the same time it allows firms to raise
permanent capital for asset creation. By incorporating information about future
earnings potential in current stock prices, the equity market serves as a barrow meter
to the stake of the economy.
Wide price fluctuations are a daily occurrence on the worlds stock markets as
investors react to economic, business and political events markets have been showing
extremely erratic movements, which are in no way tandem with the information that is
fed to the markets.

Comparing to offline module the online module is growing up well. In future

economy online trading will dominate the security market.

58

BIBLOGRAPHY
REFERENCE

Avadhani V.A., Investment Management, Himalaya publishing house, New

Delhi, second edition, 1999

Kothari.C.R Research Methodology methods and Techniques

Prasanna Chandra, financial management theory and practice, Tata

McGraw hill international edition, 2007

WEBSITES

www.sharekhan.com

www.nseindia.com

www.equitymarket.com

www.moneycontrol.com

www.investopedia.com

59