A Specialisation Project Report On “LINKAGES BETWEEN FUNDAMENTAL AND TECHNICAL ANALYSIS OF BANKING STOCKS” In the partial fulfilment of the Degree of PGDM (FINANCE) By

Mr.AAKASH UDAY GAITONDE [PGDM & Roll No: 06]

Specialization: FINANCE Batch: 2013-15 Under the Guidance of

Prof. KAPIL BHOPATKAR (Internal Guide)

Guru Nanak Institute of Management Studies Matunga, Mumbai-400019 2014

A Specialisation Project Report On “LINKAGES BETWEEN FUNDAMENTAL AND TECHNICAL ANALYSIS OF BANKING STOCKS” In the partial fulfilment of the Degree of PGDM (FINANCE) By

Mr. AAKASH UDAY GAITONDE [PGDM & Roll No: 06]

Specialization: FINANCE Batch: 2013-15 Under the Guidance of

Prof. KAPIL BHOPATKAR (Internal Guide)

Guru Nanak Institute of Management Studies Matunga, Mumbai-400019 2014

Guru Nanak Institute of Management Studies Matunga, Mumbai-400019

CERTIFICATE This is to certify that Mr. Aakash Gaitonde a student of Class: PGDM (Finance) sem IV bearing Roll No. 06 has successfully completed the specialization project titled, “Linkages Between Fundamental and Technical Analysis Of Banking stocks” , in the partial fulfillment of the Degree of PGDM

Place: MUMBAI

Date: 31/01/2015

Kapil Bhopatkar

____________________ Name & Signature of the Faculty Guide

Signature Dr. B.P. Verma (Director)

STUDENT DECLARATION I hereby declare that the specialization project titled “Linkages between Fundamental and Technical Analysis Of Banking Stocks” is my own work conducted under the supervision of Prof. / Dr. Kapil Bhopatkar.

I further declare that no part in this project work has been plagiarized without proper citations and has not formed the basis for the award of any degree, diploma, associateship, fellowship previously.

Name of Student: Aakash Gaitonde

Signature of the Student:

ACKNOWLEDGEMENT

The present research work cannot see the light of the day unless it is blessed by the benign assistance of eminent person. The help and coordination that I have received from the various quarters of in bringing this work to completion makes me feel deeply indebted. This is not a work of an individual but a number of persons who have helped me directly or indirectly in this journey. So I wish to express great fullness to all those who have helped and assisted me in bringing the final shape of this report. I am deeply indebted to my project guide Prof. Kapil Bhopatkar (internal guide) for his kind advice, support, encouragement and proper guidance during the course of preparation of this project. I got tremendous support in mastering facts and figures from them. Really they have been a great source of information during the period of study. Last but not the least, I wish to express my deep sense of gratitude to all those who were knowingly or unknowingly with me during the project tenure.

TABLE OF CONTENT

SR.NO

PARTICULARS

PAGES

1.

EXECUTIVE SUMMARY

1

2.

INTRODUCTION TO THE TOPIC

2

3.

SECTOR INFORMATION

24

4.

COMPANY INFORMATION

22

5.

METHODOLOGY

46

   

Literature Review Objectives Scope Limitations Of The Project of the Study

6.

RESEARCH METHODOLOGY

50

7.

INTRODUCTION TO EQUITY

51

8.

FUNDAMENTAL AND TECHNICAL ANALYSIS OF BANKS

55

9.

LINKAGES BETWEEN THE ANALYSIS

60

10.

RESULTS AND FINDINGS

61

11.

CONCLUSION

62

12.

BIBLOGRAPHY

63