Predictability Of Share Prices In India: A Study Of The Applicability Of Technical Analysis

In spite of the far longed practices of technical analysis by many participants in Indian stock market, none have arrived at the exact position of technical analysis as a tool for foretelling share prices. There is no evidence supporting that one has established its definite role in predicting the behaviour of share price and also to see the extent of validity (how far reliable) of technical tools in Indian stock market. The problem is the vacuum in the arena of securities market analysis where an unrecognised tool is practised, i.e., whether to hold on to technical analysis or to drop it. Again, as already stated in this chapter, its validity need not continue forever. It may become futile as happened in developed markets. Continuous practice of a tool, which is valid only during discontinuous times is also an error. The efficacy of different market phenomena in terms of their ability to foretell the extent and direction of the price movements and reliability thereof remain as not yet proved in. This requires further study in this area so that this controversy may be settled. A solution to the problem requires enquiring and establishing the applicability of technical analysis, if any, there is in the Indian stock market. The study has the following two broad objectives for the purpose of confirming the applicability, if any, of technical analysis in the Indian stock market. The first objective is to ascertain the current validity of ‘traditional holding with respect to patterns’ and the second objective is to ascertain the ‘consistent superiority’, if any, of technical indicators over non-signal strategies in return generation. The study analyses the five patterns, which are widely known and commonly found in publications. They are: (1) Symmetrical Triangles, (2) Rising Wedges, (3) Falling Wedges, (4) Head and Shoulders Top and (5) Head and Shoulders Bottom.

Studies on the paratial and temporal distribution of surface meteorological parameters over Indian subcontinent

The intention of the present thesis work is to understand the physical processes responsible for climatic variability and predictability of the Indian subcontinent. The study is expected to delineate and emphasize the various boundaries and areas of transition and bring out the regional and temporal characteristics of the meteorological distribution of the country. The results obtained from the study is expected to provide a better understanding the physics of Indian cl imate, which can be incorporated for numerical weather prediction. The results obtained from the present study can be incorporated for climate modelling and long-term prediction of the meteorological parameters over Indian subcontinent

Studies on influance of environmental parameters affecting the biology of oyster crassostrca madrasensis(Preston)

The Indian edible oyster Crassostrea madrasensis (Preston) is known to be a highly suitable candidate species for culture. Though Q, madrasensis has been subjected to intensive research, there has been no significant attempt to culture this oyster commercially. One major reason for the lack of interest in oyster culture could be the disparity in growth, survival and production reported by earlier workersf from different regions along the Indian coast. Greater predictability of production can create confidence and encourage entrepreneurs interested in oyster culture. The present study, which is a detailed investigation on the influence of various environmental variables on growth and reproduction of Q, madrasensis, is not confined to the impact of only hydrological parameters but is also extended to study the effect of different degrees of aerial exposure on growth and survival. The main objective of the study is to develop a background for subsequent development of a site suitability index for culture of Q, madrasensis along the Indian coast. Two sets of experiments were conducted during the present study. Details of the experiments are presented in the thesis under two major chapters comprising four sections each. Each chapter has a separate introduction, materials and methods, results and discussion. .

Studies On Mixed Layer Depth In The Arabian Sea

This thesis is the result of an elaborate study on the mixed layer depth (MLD) and the various oceanic environmental factors controlling it in the Arabian Sea examining its predictability on annual and short term basis. To accomplish this, the study area between 100 — 250 N latitudes and 600 — 750 E longitudes in the Arabian Sea is divided into 8 subareas of 50 quadrangles. The distribution of monthly means of the surface wind field, net heat exchange mKi868€%WTmN¥tWMWF3UH9 (SST) over each subarea in the annual cycle is examined. The corresponding wind (mechanical) and convective mixing values are computed and presented along with the observed mean MLD for the subareas in the annual cycle. Effects of advection due to surface currents and surface divergence (convergence and divergence) for these subareas are examined for correlating the MLD variations. A representative time series data from typical deep water station under southwest monsoonal forcing is analysed for the spectral components to estimate the amplitude perturbations on the mean MLD variation