“A STUDY ON TECHNICAL ANALYSIS OF S&PCNX NIFTY INDEX IN INDIA” D.Sugumar.,M.Com.,M.Phil.,MBA.,PGDPMIR., College(Arts & Science) ,Avadi,Chennai-62. 1.1. INTRODUCTION : Vel Sri Ranga Sanku
The most fascinating word amongst the investors around the world is to invest in Indian Sensex and nifty because of its exuberant growth. India, which is now the fourth largest economy in terms of purchasing power parity, will overtake Japan and become third major economic power within 10 years. Indian Economy experienced a GDP growth of 9.0 percent during 2005-06 to 9.4 percent during 2006-07. By 2025 the India's economy is projected to be about 60 per cent the size of the US economy. Despite of this glittering
feature we should not ignore the hidden side of the Indian economy. that is India has the world's second largest labour force, with 509.3 million people, 60% of whom are employed in agriculture and related industries; 28% in services and related industries; and 12% in industry. . The agricultural sector accounts for 28% of GDP; the service and industrial sectors make up 54% and 18% respectively. Among the service sectors stock market make more contribution. we have 23 stock market among this two vital market that is BSE(Bombay stock market) and NSE(National stock exchange) .The equity market capitalization of the companies listed on the BSE was US$ 1.61 trillion,
making it the largest stock exchange in South Asia and the tenth largest in the world. Equity market capitalization of the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock exchange in [South Asia].Which stand as a hub for the world investors, that is the reason why we face lots of volatility in the market.
The interest in studying the movement of S&PCNX NIFTY Index considerable momentum following the early study of Ms.Shalini Batia (2007) Indicated that trader can profit from the discrepancy in the prices of NIFTY. Mr.Saumitra N Bhaduri (2007) indicated hedging... [continues]
The most fascinating word amongst the investors around the world is to invest in Indian Sensex and nifty because of its exuberant growth. India, which is now the fourth largest economy in terms of purchasing power parity, will overtake Japan and become third major economic power within 10 years. Indian Economy experienced a GDP growth of 9.0 percent during 2005-06 to 9.4 percent during 2006-07. By 2025 the India's economy is projected to be about 60 per cent the size of the US economy. Despite of this glittering
feature we should not ignore the hidden side of the Indian economy. that is India has the world's second largest labour force, with 509.3 million people, 60% of whom are employed in agriculture and related industries; 28% in services and related industries; and 12% in industry. . The agricultural sector accounts for 28% of GDP; the service and industrial sectors make up 54% and 18% respectively. Among the service sectors stock market make more contribution. we have 23 stock market among this two vital market that is BSE(Bombay stock market) and NSE(National stock exchange) .The equity market capitalization of the companies listed on the BSE was US$ 1.61 trillion,
making it the largest stock exchange in South Asia and the tenth largest in the world. Equity market capitalization of the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock exchange in [South Asia].Which stand as a hub for the world investors, that is the reason why we face lots of volatility in the market.
The interest in studying the movement of S&PCNX NIFTY Index considerable momentum following the early study of Ms.Shalini Batia (2007) Indicated that trader can profit from the discrepancy in the prices of NIFTY. Mr.Saumitra N Bhaduri (2007) indicated hedging... [continues]
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