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<?xml version="1.0" encoding="utf-8"?><!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.1//EN" "http://www.w3.org/TR/xhtml11/DTD/xhtml11.dtd"><html xmlns="http://www.w3.org/1999/xhtml"><head><meta http-equiv="Content-Type" content="application/xhtml+xml; charset=utf-8" /><title></title><link href="CVrNuFXi_styles.css" type="text/css" rel="stylesheet"/></head><body><div class="Section0"><p class="Title" style="text-align:center;"><a id="_Toc520764992"></a><span style="letter-spacing:-0.5pt;font-family:Calibri Light;font-size:28pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;">Technical and Regression Analysis of Stock Prices</span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Risk, Return, Correlation, Visualization and Computations on Stock Prices</span></p>
<p class="Subtitle" style="text-align:center;"><span style="letter-spacing:0.75pt;color:#5A5A5A;font-family:Calibri;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;">A Project Report on the </span><span style="letter-spacing:0.75pt;color:#5A5A5A;font-family:Calibri;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;">topic</span><span style="letter-spacing:0.75pt;color:#5A5A5A;font-family:Calibri;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;">: “</span><span style="letter-spacing:0.75pt;color:#5A5A5A;font-family:Calibri;font-size:12pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;text-decoration: underline;line-height:107.916664%;">Data Science with Python</span><span style="letter-spacing:0.75pt;color:#5A5A5A;font-family:Calibri;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;">”</span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;margin-top:0pt;margin-bottom:8pt;"><span class="Default-Paragraph-Font Subtle-Emphasis" style="font-family:Times New Roman;font-size:14pt;font-weight:bold;line-height:107.916664%;">By Sidharth Rai </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span class="Default-Paragraph-Font Subtle-Emphasis" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">Student, (UID: 16BCS7045), Bachelor of Engineering in Computer Science and Engineering with specialization in Cloud Computing in association with IBM, Chandigarh University, Mohali, Punjab (140-413). </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span class="Default-Paragraph-Font Subtle-Emphasis" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">E-mail: </span><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="mailto:[email protected]"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">[email protected]</span></a><span class="Default-Paragraph-Font Subtle-Emphasis" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">, Resume: </span><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="http://bit.ly/Internshala_Resume"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">http://bit.ly/Internshala_Resume</span></a></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="color:#404040;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h1 style="text-align:left;"><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h1>
<h1 style="text-align:left;"><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">ABSTRACT</span></h1>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Being the topic of interest for those who are interested in investing in share market and share exchanges because benefits here are not easy to calculate but easy to earn. Technical Analysis of jumping prices, sometimes high sometimes low, which not only depends on company businesses but also depends on the </span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">company-related</span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> news, political, social, economic conditions and natural disasters. Many researchers and financers have been acknowledged for the daily behavior and prediction of future prices, but some </span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">of</span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the other way their models have not been totally accurate. This project is based on a complete mathematical analysis using Technical Analysis which is used to calculate the unknown patterns in the behaviors and changes of Stock Prices over a period of the </span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">month</span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> because of wide acceptability of </span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Equity-based</span><span style="color:#000000;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> market. This analysis is not highly accurate but gives a brief Idea about the Technical Analysis and how python can be useful in forming strategies for your funds and what changes one should monitor before investing or risking your funds.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Technical Analysis of jumping prices, sometimes high sometimes low, which not only depends on company businesses but also depends on the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">company-related</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> news, political, social, economic conditions and natural disasters. Many researchers and financers have been acknowledged for the daily behavior and prediction of future prices, but some </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">of</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the other way their models have not been totally accurate. This project also focuses on regression analysis using Ordinary Least Squares model.</span></p>
<h1><a id="_Toc520765003"></a></h1>
<h1 style="text-align:left;"><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Objectives</span></h1>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The main objectives of the project are as follows:</span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Monitor companies with highest Market Capitalization and analyze them using Python.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Getting familiar </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">with</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">fundamental</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> terms of the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Stock</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> Market.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Data Visualization with Python.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Finding behavioral changes over a period of time.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Getting familiar </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">with</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> Patterns the stock prices show in a time period and finding out the gains or losses it gives to its customers.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Applying Regression Analysis </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Model:</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> Ordinary Least Squares (OLS) model.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Making the model Accurate</span></li>
</ul>
<h1 style="text-align:left;margin-left:36pt;"><a id="_Toc520765011"></a></h1>
<h1 style="text-align:left;margin-left:36pt;"><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Basic Terms and Terminologies of Stock Market</span><a id="_Toc520701285"></a><a id="_Toc520765012"></a></h1>
<h1 style="text-align:left;margin-left:36pt;"><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Introduction</span></h1>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">A stock market</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup> [3]</sup></span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">, is the aggregation of buyers and sellers of stocks or shares, which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as those only traded privately. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Classifications </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[4]</sup></span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">:</span></p>
<ol type="1" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:33pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Stocks</span></li>
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:33pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bonds</span></li>
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:33pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Security</span></li>
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:33pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Derivatives</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765013"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Stocks</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Stocks are the shares of any individual company that are sold on the open market in a process called “Initial Public Offering (IPO)”.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">When anyone buys a stock or an equity of the company, it means a small ownership is bought in that particular company</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765014"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Bonds</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> It represents the sum of money that is owed or due. When any government or corporative body needs to raise cash then they borrow money in the public market and subsequently pays interest on that loan to investors. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Stocks are preferred by those who have a long-term investment horizon and more tolerance for </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">short-term</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> market risks. </span></p>
<h2><a id="_Toc520765015"></a></h2>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Security</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">These are the tradable financial assets.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Securities are classified into three categories:</span></p>
<ol type="1" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:33pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Debt Securities</span></li>
</ol>
<ol type="a" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:14.32617pt;margin-left:68.32617pt;padding-left:3.67382813pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bank Notes</span></li>
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:69pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Government Bonds</span></li>
<li class="List-Paragraph" style="-sf-number-width:14.32617pt;margin-left:68.32617pt;padding-left:3.67382813pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Debentures</span></li>
</ol>
<ol type="1" start="2" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:33pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Equity Security</span></li>
</ol>
<ol type="a" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:14.32617pt;margin-left:68.32617pt;padding-left:3.67382813pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Common Stock</span></li>
</ol>
<ol type="1" start="3" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:33pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Derivatives</span></li>
</ol>
<ol type="a" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:14.32617pt;margin-left:68.32617pt;padding-left:3.67382813pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Forward</span></li>
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:69pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Futures</span></li>
<li class="List-Paragraph" style="-sf-number-width:14.32617pt;margin-left:68.32617pt;padding-left:3.67382813pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Options</span></li>
</ol>
<ol type="i" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:12.33398pt;margin-left:111.333984pt;padding-left:-3.33398438pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Call</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.66797pt;margin-left:114.667969pt;padding-left:-6.66796875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Put</span></li>
</ol>
<ol type="a" start="4" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:15pt;margin-left:69pt;padding-left:3pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Swaps</span></li>
</ol>
<h3><a id="_Toc520739571"></a><a id="_Toc520764311"></a><a id="_Toc520765016"></a></h3>
<h3><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Debt Security</span></h3>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font: 7.0pt "Times New Roman";-sf-listtab:yes;"> </span><span style="width:36pt; text-indent:0pt;font-family:Times New Roman;font-size:12pt;font-weight:normal;line-height:107.916664%;font-style:normal; display:inline-block;"> </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It may be called debentures, bonds, deposits, notes or commercial paper depending on their maturity, collateral and other characteristics. The holder of a debt security is typically entitled to the payment of principal and interest, together with other contractual rights.</span></p>
<ul type="circle" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:21.60352pt;margin-left:75.6035156pt;padding-left:-3.60351563pt;text-indent:0pt;font-family:Courier New;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bank Notes</span></li>
</ul>
<p class="List-Paragraph" style="margin-left:72pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Type of negotiable promissory note made by the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">bank</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">.</span></p>
<ul type="circle" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:21.60352pt;margin-left:75.6035156pt;padding-left:-3.60351563pt;text-indent:0pt;font-family:Courier New;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Government Bonds</span></li>
</ul>
<p class="List-Paragraph" style="margin-left:72pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">These are medium or long-term debt securities issued by a sovereign government or their agencies. They carry a lower rate of interest than corporate bonds.</span></p>
<ul type="circle" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:21.60352pt;margin-left:75.6035156pt;padding-left:-3.60351563pt;text-indent:0pt;font-family:Courier New;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Debentures</span></li>
</ul>
<p class="List-Paragraph" style="margin-left:72pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">A medium to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Equity Security</span></p>
<ul type="circle" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:21.60352pt;margin-left:75.6035156pt;padding-left:-3.60351563pt;text-indent:0pt;font-family:Courier New;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Common Stock</span></li>
</ul>
<p class="List-Paragraph" style="margin-left:72pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">This type of share gives the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">shareholder</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the right to share in the profits of the company and to vote on policy matters.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Derivatives</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It is a contract that derives its value from the performance of an underlying entity which can be an asset, index or interest rate. It can be used for a number of purposes including:</span></p>
<ul type="square" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:29.49023pt;margin-left:119.490234pt;padding-left:-11.4902344pt;text-indent:0pt;font-family:Wingdings;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Insuring against price movement and speculation.</span></li>
<li class="List-Paragraph" style="-sf-number-width:29.49023pt;margin-left:119.490234pt;padding-left:-11.4902344pt;text-indent:0pt;font-family:Wingdings;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Getting access to hard-to-trade assets or markets.</span></li>
</ul>
<ul type="circle" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:21.60352pt;margin-left:75.6035156pt;padding-left:-3.60351563pt;text-indent:0pt;font-family:Courier New;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Forwards</span></li>
</ul>
<p class="List-Paragraph" style="margin-left:72pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It is a</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> contract between two parties for buying or to </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">sell</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> an asset at a specified future time at an agreed future price. For buying the underlying, the party assures the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">future</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> in a long position and for selling in a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">short</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> position.</span></p>
<ul type="circle" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:21.60352pt;margin-left:75.6035156pt;padding-left:-3.60351563pt;text-indent:0pt;font-family:Courier New;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Futures</span></li>
</ul>
<p class="List-Paragraph" style="margin-left:72pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It is a legal agreement to buy or sell something at a pre-determined price at a specified future time.</span></p>
<ul type="circle" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:21.60352pt;margin-left:75.6035156pt;padding-left:-3.60351563pt;text-indent:0pt;font-family:Courier New;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Options </span></li>
</ul>
<p class="List-Paragraph" style="margin-left:72pt;text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It is contract price which gives the buyer the right, but not the obligation, to buy or sell an asset at a specified strike price on a specified date, depending on the form of an </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">option</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">.</span></p>
<h2><a id="_Toc520765017"></a></h2>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Exchange </span><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[5]</sup></span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It is an </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">organized financial</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> market where shares are bought and sold at prices governed by the forces. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Stock exchanges basically serve as </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;margin-left:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">(1) primary markets where corporations, governments, municipalities, and other incorporated bodies can raise capital by channeling savings of the investors into productive ventures</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;margin-left:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">(2) secondary markets where investors can sell their securities to other investors for cash, thus reducing the risk of investment and maintaining liquidity in the system. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The two famous Stock Exchange of India are:</span></p>
<ol type="1" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:33.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bombay Stock Exchange</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:33.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">National Stock Exchange</span></li>
</ol>
<h2 style="text-indent:36pt;"><a id="_Toc520739573"></a><a id="_Toc520764313"></a><a id="_Toc520765018"></a></h2>
<h2 style="text-indent:36pt;"><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Bombay Stock Exchange </span><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[6]</sup></span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Bombay Stock Exchange is an Indian stock exchange established in 1875, it is Asia’s first stock exchange and claims to be the world's fastest stock exchange. It is the world's 10th largest stock exchange with an overall market capitalization of more than $2.3 trillion.</span><a id="_Toc520739574"></a><a id="_Toc520764314"></a><a id="_Toc520765019"></a></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Sensex </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[7]</sup></span><a id="_Toc520739575"></a><a id="_Toc520764315"></a><a id="_Toc520765020"></a></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), is a market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange.</span></p>
<h2 style="text-indent:36pt;"><a id="_Toc520739576"></a><a id="_Toc520764316"></a><a id="_Toc520765021"></a></h2>
<h2 style="text-indent:36pt;"><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">National Stock Exchange </span><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[8]</sup></span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The National Stock Exchange of India Limited established in 1992 is the leading stock exchange of </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">India.It</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> came up as the first demutualized electronic exchange in the country. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Nifty </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[9]</sup></span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The NIFTY 50 index is NSE’s benchmark stock market index for the Indian equity market. Full form of NIFTY is National Stock Exchange Fifty. It is one of the two main stock indices used in India.</span></p>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h2>
<h2><a id="_Toc520765022"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Overview of Project</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Here in this project, I had compared the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">top</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 5 companies of the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">top</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 10 sectors of the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bombay</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> Stock Exchange (BSE) in India from 2017 on the basis of their Market Capitalization </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[10]</sup></span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">. The Technical analysis and visualization </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">are</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> done on historical closed prices of these companies over a span of 1 month. The market ups and down are monitored. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The work done for monitoring the market are listed below:</span></p>
<ol type="1" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Gathering the Dataset.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Candle Stick Graphical Presentation.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Visualization of Volume.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Volume Weighted Average Prices and their Comparison.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Visualization of Total Turnover.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> Spread – Bid and Ask Prices Evaluation.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> Estimated Moving Average for 5, 10, 15 and 20 days.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> Daily Return Analysis and its Visualization.</span></li>
<li class="List-Paragraph" style="-sf-number-width:15.99609pt;margin-left:51.9960938pt;padding-left:2.00390625pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> Correlation between Companies and Visualizing this via Correlation Matrix.</span></li>
<li class="List-Paragraph" style="-sf-number-width:21.99609pt;margin-left:57.9960938pt;padding-left:-3.99609375pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> Prediction of Stock Prices using simple regression Model.</span></li>
<li class="List-Paragraph" style="-sf-number-width:21.99609pt;margin-left:57.9960938pt;padding-left:-3.99609375pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> Checking Accuracy of the Ordinary Least Squares Model (OLS).</span></li>
</ol>
<h2 style="margin-left:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h2>
<h2 style="margin-left:36pt;"><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> </span><a id="_Toc520765023"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Introduction to </span><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">installing</span><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> libraries in Python</span></h2>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="Heading-3" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><a id="_Toc520739579"></a><a id="_Toc520764319"></a><a id="_Toc520765024"></a><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Pandas </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[11]</sup></span></li>
</ul>
<h3 style="margin-left:36pt;text-indent:18pt;"><a id="_Toc520739580"></a><a id="_Toc520764320"></a><a id="_Toc520765025"></a><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Pandas is an open-source Python Library for data manipulation and analysis with the help of effective and powerful data structure. </span></h3>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Matplotlib </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[12]</sup></span></li>
</ul>
<p class="List-Paragraph" style="text-indent:36pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Matplotlib is a python library used to create 2D graphs and plots by using python scripts. It has a module named </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">pyplot</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> which makes things easy for plotting by providing a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">feature</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> to control line styles, font properties, formatting axes etc. It supports a very wide variety of graphs and plots namely - histogram, bar charts, power spectra, error charts etc. </span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765027"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessing the Live Data of Historical Prices</span></h2>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The dataset has been accessed via an API, which is possible to import through various programming languages which includes R, Python, MATLAB, Quandl's has a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">dataset</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> from providers such as the UN, World </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bank</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> and central banks, CLS Group, Zacks, and ICE.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Start and End date values are set (using the DateTime Library), as it can be seen it’s set for one month. API of Quandl is used which provides a complete set of datasets for Technical Analysis of the queried company. The symbol parameter is passed in here (as seen in the figure below).</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img1.png" width="874" height="364" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Use of API</span></p>
<h1 style="margin-left:36pt;"><a id="_Toc520765028"></a><span style="font-family:Times New Roman;font-size:20pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Technical Analysis of Stock Market</span></h1>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h2>
<h2><a id="_Toc520765029"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Introduction</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">In finance, technical analysis is a methodology for predicting the direction of prices through the study of past market data. </span></p>
<h2><a id="_Toc520765030"></a></h2>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Candle Stick Graph Presentation</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">A Candlestick graph consists of several candles which form several patterns depending upon the Open, High, Low, Close or OHLC prices. A Candle in a graph is a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">block</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> if the stock closed lower the candle is colored black or </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">red</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> if the stock closes higher the candle is colored green or white.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Candle consists of four parameters which can be identified and is shown below in the figure</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img2.png" width="495" height="278" align="left" alt="" /></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">.</span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><div><table cellspacing="0" style="background-color:#FFFFFF;border-collapse: collapse; "><tr style="height: 0.06666667px"><td style="vertical-align:top;background-color:#FFFFFF;padding-left:0pt;padding-right:0pt;padding-top:0pt;padding-bottom:0pt;width:453.5333px;"><p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Candle Representation</span></p>
</td></tr></table></div></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">A Candle Stick graph mainly represents two patterns:</span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bullish Pattern </span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">When there is a buying pressure, where the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">open</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> price is lower than the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">close</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> price of the stock. The green candle in the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">above</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> image shows Bullish Candle, but there is a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">condition</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> that a bullish pattern must form with a downtrend otherwise is a continuous pattern.</span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Bearish Pattern</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">When there is a selling </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">pressure</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> when the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">close</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> price is lower than the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">open</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> price of the stock. The red candle in the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">above</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> image shows Bearish Candle.</span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Candles depict the mood of the market. On the basis of some patterns like Hammer, Morning Star, Three White Soldier (shows stock is too strong) etc.</span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;">In the project, I had used Candlestick_Ohlc module of Matplotlib library in Python. The code which forming a Candlestick is shown in the figure below: </span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img3.png" width="883" height="362" alt="" /></p>
<p class="Caption" style="text-align:left;"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Code for forming a Candle Stick Graph</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The output of the code gives the plotted candlestick graph: </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img4.png" width="904" height="376" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Candlestick Output</span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The above plotted Candle Stick Graph shows some patterns which are usually analyzed for technical analysis of a Stock Price:</span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Piercing Line Pattern: The Close price of a week is very nearly equal to the open of the month, the investment made by an </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">investor</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> for a week (long-term) is near to neutral returns.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Three White Soldier Pattern: A Bullish pattern with a large change in the prices show this pattern, having mostly three green/white candles, show a large impact on the prices of the stock.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Continuous Pattern with Uptrend: This pattern is observed when there is a week high and low and a slight change with week’s close price greater than week’s open price.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Hammer or Inverted Hammer Pattern: The small change in the stock prices show this trend.</span></li>
</ul>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;margin-left:18pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The following image shows the pattern observed in the resulting Candlestick Graph:</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;margin-left:18pt;"><img src="CVrNuFXi_images\CVrNuFXi_img5.png" width="847" height="551" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Identifying Patterns of Candles</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765031"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Volume</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Volume</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> of Stock Prices </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">defines</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the no. of stocks bought and no. of stocks sold that were traded in the particular period of time. A higher change in volume of any stock price implies a big change in the stock prices.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The codes in the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">project</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> used for visualizing the volume of prices over a monthly span time.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img6.png" width="1045" height="170" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Code for plotting the Volume of Prices</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The output of the above code shows the following patterns:</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img7.png" width="960" height="469" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Volume of the Stock Price</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">From the above </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">graph,</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> it can be analyzed that a large increase in volume in the middle of the time period </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">affect</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the prices of Reliance Industries in increasing order in the particular week (as seen in figures 7-d and 7-f). Also, a change on July 5, </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">2018,</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> didn’t </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">affect</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> much as the average volume remained the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">same</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> for the week.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765032"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Volume Weighted Average Price (VWAP)</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The average prices based on the closing prices don’t provide an accurate picture of the stock mood. It identifies true avg. price for a period of time by multiplying the number of shares bought with share price and dividing this value from the total no of shares bought.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The equation to calculate VWAP over a period of time is as follows:</span></p>
<p style="text-align:center;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Cambria Math;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">VWAP= no.of shares bought X share priceTotal shares bought</span></p>
<p class="Caption" style="text-align:center;"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Equation </span><!--[if supportFields]><span style="mso-element:field-begin"></span><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;"> SEQ Equation \* ARABIC </span><span style="mso-element:field-separator"></span><![endif]--><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">1</span><!--[if supportFields]><span style="mso-element:field-end"></span><![endif]--><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">.1</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">If intraday closing prices are far from the closing price, prices are then pressurized to move towards it. It can be seen from the following image that the alternative behavior of prices getting far and towards each other.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">These values are especially used by institutional investors and mutual fund managers to invest and take out profits, by not disturbing the market prices with large orders.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The visualization from the project of the plotted data can be seen in the following page below:</span><br style='clear:both;page-break-before:always'/></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img8.png" width="939" height="403" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Volume Weighted Average Price Comparison with actual Close Price</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The above figure helps us to visualize that the Volume Weighted Average Price moved away from the actual </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">closing</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> price and is then pressurized towards it.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">This data can be helpful for those trading in options to monitor the previous fluctuation in the prices.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765033"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Total Turnover</span></h2>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It is the measure of stock liquidity which is calculated by dividing a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">total</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> number of shares in a period by the average no of share outstanding for the same period.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The stock liquidity is a factor which tells how rigid the stock price values have been by observing the previous values.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The following image from the project shows the liquidity visualization.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img9.png" width="946" height="407" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Visualizing the liquidity</span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">These values depend on volume and can be compared to them, there is a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">direct</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> dependency of the values. The fluctuation of prices in the above graph shows there would have been fundamental issues with the companies for so much changing behavior in the prices.</span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765034"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Deliverable Quantity</span></h2>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It indicates bullishness, and also points to higher delivery quantity. The greater is the value the greater is the yield from the stock. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The clear significance of these values is that the buyers are expecting the share prices to go up. And is a useful data for Technical Analysts.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The following visualization from the project shows this:</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img10.png" width="975" height="403" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;mso-spacerun:yes;">Figure Deliverable Quantity</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The prices as compared </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">to</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the Candlestick </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">graph shows</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> how effectively expectations would have been made to get a higher price yield.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765035"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Spread High-Low/Bid-Ask</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The difference between high and low prices of a stock or the spread between the high and low in a candle formed on a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">candlestick</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> graph is known as Spread High Low.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">This </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">value</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> helps an investor identify when to invest and when to sell. In other words, an investor can bid if the value is low in comparison to previous values and vice-versa.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The values for a negative change and a positive change is always positive. This graph can be used to monitor returns and liquidity of a stock price.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The visualization from the project which the spread of prices.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img11.png" width="916" height="385" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Spread High-Low</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It can be clearly observed that the value even for a negative change or a positive change is positive here. These values show a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">large</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> correlation between volume and no of trades.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765036"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Spread Close-Open</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The spread of a close and open percent change of prices of a stock can be easily observed from these values, if for a stock the values are negative then the prices would have risen and if for a stock the values are positive then the prices would have fallen.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The technical analysts monitoring these prices can predict by carefully observing that where these prices will go in the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">future</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img12.png" width="942" height="399" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Spread Close Open</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Here, it can be observed that the prices went down when the spread close-open value high and vice versa was observed.</span></p>
<h2><a id="_Toc520765037"></a></h2>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Moving Averages</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The moving average is formed by calculating the average price of a stock price over a period of time. Mostly, these values are based on closing prices. The 5-day moving average is the five-day sum of closing prices divided by five. From its </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">name,</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> it is clear </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">that</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> a moving average is an average that moves along with time.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">In the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">project,</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> there is the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">calculation</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> of moving averages over a span of 5 days, 10 days, 15 days and 20 days. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The values here have been adjusted to form a more accurate moving average. It is used to find how much change would have been </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">near</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> to the actual close, open, high and low prices. The resulting data is free from market fluctuations.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img13.png" width="865" height="365" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Moving Averages</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">From the above graph, it is clearly observed that how average values of each stock changes over a particular period of time. And the adjusted values give a clear observation of close the prices change over a large span of time.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765038"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Daily Return Analysis</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">On the basis of the daily percent change from the closing </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">prices,</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the returns can be calculated on the daily basis.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The graph below shows the visualization </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">of</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> how the prices have </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">changed</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> in a month period.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img14.png" width="962" height="480" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Daily Return Analysis</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font: 7.0pt "Times New Roman";-sf-listtab:yes;"> </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Here from the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">graph,</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> it can be depicted that the prices have shown a positive change the least time and negative changes the most of the times. </span><span style="width:33.23pt; text-indent:0pt;font-family:Times New Roman;font-size:12pt;font-weight:normal;line-height:107.916664%;font-style:normal; display:inline-block;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Values near to -0.4% change shows the yield from the prices were too low.</span><br style='clear:both;page-break-before:always'/></p>
<h1 style="margin-left:36pt;"><a id="_Toc520765039"></a><span style="font-family:Times New Roman;font-size:20pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Risk, Return and Regression Analysis</span></h1>
<h2 style="margin-left:36pt;"><a id="_Toc520765040"></a></h2>
<h2 style="margin-left:36pt;"><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Introduction</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Prediction of Stock Prices is already a complex issue in financial institutions. These prices depend on various factors like history of the Company, its present news, countries policies, social and economic conditions, natural disasters and many other factors. So, the prediction tasks require not only mathematical analysis but a neural network to make it more accurate. Risk and Return Analysis and Regression Analysis </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">are</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> done in this part of the project. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Comparison of several companies of some top 10 sectors and considering the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">top</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 5 companies of each of these sectors on the basis of their Market Capitalization (total value of a company’s share in the market).</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765041"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">List of Companies Selected</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The companies have been selected on the basis of their Market Capitalization </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[10]</sup></span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The following table shows the required data:</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img15.png" width="632" height="481" alt="" /></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img16.png" width="636" height="462" alt="" /></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;mso-spacerun:yes;">Table Sectors with Companies</span></p>
<h2><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></h2>
<h2><a id="_Toc520765042"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Risk and Return Calculation</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Plotting a graph of several companies in the same sector between their mean and standard deviation gives the middle term behavior of the stock prices out there. The mean value gives the central term tendency which helps to analyze the return </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">on</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> investment in the company and the standard deviation gives the deviating prices deviation from there mean value which results in observing the risk of investment in the particular company.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">An example from the project explains the above context. </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Risk and Return analysis graph with Risk values on the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Y-axis</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> and Return Values on X-axis. </span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">These</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">e labe</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">led points clearly explain that Hind Zinc has low Return values as well as shows low risk in investment.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Tinplate company gives high return values and also has high risks to invest.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Similar results on Risk and Return can be analyzed from the graph. </span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">This Results can help an investor to see if the particular company is worth to invest or not</span><br style='clear:both;page-break-before:always'/></li>
</ul>
<p style="text-align:left;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img17.png" width="687" height="488" alt="" /></p>
<p class="Caption" style="text-align:left;"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Risk and Return Analysis</span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><a id="_Toc520765043"></a></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;margin-top:0pt;margin-bottom:8pt;"><span style="font: 7.0pt "Times New Roman";-sf-listtab:yes;"> </span><span class="Default-Paragraph-Font Heading-2-Char" style="line-height:107.916664%;">8.4</span><span class="Default-Paragraph-Font Heading-2-Char" style="width:18.5pt; text-indent:0pt;line-height:107.916664%; display:inline-block;"> </span><span class="Default-Paragraph-Font Heading-2-Char" style="line-height:107.916664%;">Ordinary Least Square Model (OLS)</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"><sup>[13]</sup></span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">It is also known as linear least squares model. It is used for estimation of parameters which are unknown in any linear regression model. OLS chooses the parameters from the dataset by reducing the sum of the squares of the differences between the observed dependent variable to those predicted by the chosen linear function. Geometrically, it is observed as the smaller the differences between the sum of squared values, the better the model fits the data. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The estimation is then plotted on the graph with the estimated values and original values. In this </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">project,</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the prediction and calculations are done on the basis of </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">An example from the project explains the above context: </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Y-axis in the graph below shows the closed prices and the X-axis below shows the monthly dates.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Blue line shows the plotted curve according to the closed prices of Company.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Yellow line shows the plotted curve according to the fitted values from the model according to the linear regression formula. </span></li>
</ul>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Accuracy of the model depends on the </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">difference</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> between R-squared value and adjusted R-squared value. </span></p>
<p style="text-align:left;page-break-inside:auto;page-break-after:avoid;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img18.png" width="931" height="481" alt="" /></p>
<p class="Caption" style="text-align:left;"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Regression Analysis Prediction</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765044"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Explanation of the result of the OLS model</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">An example from the project explains the model and its output:</span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">R-Squared </span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The coefficient of determination. A statistical measure of how well the regression line approximates the real data points.</span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Adj. R-squared </span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The above value adjusted based on the number of observations and the degrees-of-freedom of the residuals </span></p>
<p class="List-Paragraph"><img src="CVrNuFXi_images\CVrNuFXi_img19.png" width="479" height="580" align="left" alt="" /></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
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<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h2><a id="_Toc520765045"></a><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Correlation</span><span style="font-family:Times New Roman;font-size:14pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;"> and Pair Plotting Matrix</span></h2>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The correlation between two companies on a scattered plotted graph is done in this project using the daily positive or negative percent change. The plots show how much one company is affected by another company’s stock price. The relationship between two companies is depicted then. </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">An example from the project explains the above context:</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><img src="CVrNuFXi_images\CVrNuFXi_img20.png" width="423" height="396" align="left" alt="" /></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><div><table cellspacing="0" style="background-color:#FFFFFF;border-collapse: collapse; "><tr style="height: 0.06666667px"><td style="vertical-align:top;background-color:#FFFFFF;padding-left:0pt;padding-right:0pt;padding-top:0pt;padding-bottom:0pt;width:285.4667px;"><p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Correlation Scattered Plotting</span></p>
</td></tr></table></div></p>
<p class="List-Paragraph"><img src="CVrNuFXi_images\CVrNuFXi_img21.png" width="890" height="890" align="left" alt="" /></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
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<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
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<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Correlation Pair Plotting</span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> We can observe that less scattering means high correlation.</span></li>
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">The Bars at right and top shows the stacks of prices that changed over a period of a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">month</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">. A correlation here means a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">similar</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> deviation in prices which helps in analyzation and prediction of the stock prices. </span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Similar results are also obtained from a correlation matrix from the result.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">We observed a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">correlation</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">between</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> two factors one was the percent change in the prices and another was a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">correlation</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">between</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> the closed prices.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Correlation on the basis of Returns can be seen in figure </span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><img src="CVrNuFXi_images\CVrNuFXi_img22.png" width="471" height="343" align="left" alt="" /></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><div><table cellspacing="0" style="background-color:#FFFFFF;border-collapse: collapse; "><tr style="height: 0.06666667px"><td style="vertical-align:top;background-color:#FFFFFF;padding-left:0pt;padding-right:0pt;padding-top:0pt;padding-bottom:0pt;width:351.9333px;"><p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Correlation matrix formed on Returns</span></p>
</td></tr></table></div></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Correlation on the basis of Close Prices can be seen in figure 8-f</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><img src="CVrNuFXi_images\CVrNuFXi_img23.png" width="437" height="329" align="left" alt="" /></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<p class="Caption"><span style="color:#44546A;font-family:Times New Roman;font-size:9pt;text-transform:none;font-weight:normal;font-style:italic;font-variant:normal;">Figure Correlation over Closed Prices</span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">These values show how each company is correlated </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">with</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> each other. </span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<ul type="disc" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:11.51953pt;margin-left:29.5195313pt;padding-left:6.48046875pt;text-indent:0pt;font-family:Symbol;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Higher the value near to 1.0 more similar is the behavior of the companies.</span></li>
</ul>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> </span></p>
<h1 style="text-align:justify;margin-left:18pt;"><a id="_Toc520765046"></a></h1>
<h1 style="text-align:justify;margin-left:18pt;"><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">Conclusion</span></h1>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Technical Analysis of the project includes all the aspects in which the Python would have been for the visualization of the data. The study of market trends has been depicted effectively.</span></p>
<p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">I have shown the comparison between the predicted price and actual price. As it clearly visible from the graph that, prediction price is quite close to the actual stock price. This method of predicting the return on investment will be a </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">great</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> help to everyone associated </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">with</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> this field. This method is mathematically reliable but can’t be fully accepted as many factors on which the model depends have been untouched </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">by</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> this project. Further developments may see the neural networks of how the prices are really affected. Economic Times </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">has</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> recently launched this analysis on their websites.</span></p>
<br style='clear:both;page-break-before:always'/><p style="text-align:justify;page-break-inside:auto;page-break-after:auto;page-break-before:avoid;line-height:107.916664%;margin-top:0pt;margin-bottom:8pt;" />
<ol type="1" start="10" style="margin:0pt; padding-left:0pt">
<li class="Heading-1" style="text-align:justify;-sf-number-width:24pt;margin-left:60pt;padding-left:-6pt;text-indent:0pt;"><a id="_Toc520765047"></a><span style="font-family:Times New Roman;font-size:16pt;text-transform:none;font-weight:bold;font-style:normal;font-variant:normal;line-height:107.916664%;">. References</span></li>
</ol>
<ol type="1" start="1" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> Proyag Pal, Triparna Mukherjee, Dr. Ashoke Nath, “Challenges in Data Science: A Comprehensive Study on Application and Future Trends”, International Journal of </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Advance</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> Research in,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 July, 2018 at 13:00, [Available Online], </span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="http://www.ijarcsms.com/docs/paper/volume3/issue8/V3I8-0004.pdf"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">http://www.ijarcsms.com/docs/paper/volume3/issue8/V3I8-0004.pdf</span></a></p>
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<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Ms.</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> Namrata Jain, Anurag Jain, “Software Development Life Cycle: A Detailed Study”,</span></li>
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<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">International Journal of Advanced Research in Computer Science, </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 July, 2018 at 14:00, [Available Online], </span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="http://www.ijarcs.info/index.php/Ijarcs/article/download/512/500"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">http://www.ijarcs.info/index.php/Ijarcs/article/download/512/500</span></a></p>
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<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> “Introduction to Stock Market”, Wikipedia Org.,</span></li>
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<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 2018 at 14:30, [Available Online] </span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://en.wikipedia.org/wiki/Stock_market"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://en.wikipedia.org/wiki/Stock_market</span></a></p>
<ol type="1" start="4" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> “Classification and definitions on Fundamentals of Stocks”, Investopedia Inc.,</span></li>
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<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> 2018 at 14:40, [Available Online] </span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://www.investopedia.com/university/stocks/"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://www.investopedia.com/university/stocks/</span></a></p>
<ol type="1" start="5" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> “Stock Exchange”, Business Dictionary,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> 2018 at 15:00, [Available Online] </span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="http://www.businessdictionary.com/definition/stock-exchange.html"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">http://www.businessdictionary.com/definition/stock-exchange.html</span></a></p>
<ol type="1" start="6" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> “BSE”, Wikipedia Org., </span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 2018 at 15:30, [Available Online] </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> </span><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://en.wikipedia.org/wiki/Bombay_Stock_Exchange"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://en.wikipedia.org/wiki/Bombay_Stock_Exchange</span></a></p>
<ol type="1" start="7" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> “Sensex”, Wikipedia Org., </span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 2018 at 15:50, [Available Online]</span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://en.wikipedia.org/wiki/BSE_SENSEX"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://en.wikipedia.org/wiki/BSE_SENSEX</span></a></p>
<ol type="1" start="8" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> “NSE”, Wikipedia Org.,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> 2018 at 16:30, [Available Online] </span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://en.wikipedia.org/wiki/National_Stock_Exchange_of_India"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://en.wikipedia.org/wiki/National_Stock_Exchange_of_India</span></a></p>
<ol type="1" start="9" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:22.99219pt;margin-left:40.9921875pt;padding-left:-4.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> “Nifty”, Wikipedia Org.,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> 2018 at 17:30, [Available Online] </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> </span><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://en.wikipedia.org/wiki/NIFTY_50"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://en.wikipedia.org/wiki/NIFTY_50</span></a></p>
<ol type="1" start="10" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:28.99219pt;margin-left:46.9921875pt;padding-left:-10.9921875pt;text-indent:0pt;color:#0563C1;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">“List of top 10 Sectors with top 5 companies of each (as on 31 DEC, 2017)”, India Info Line,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 2018 at 18:30, [Available Online]</span></p>
<p class="List-Paragraph"><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://www.indiainfoline.com/article/news-top-story/top-10-sectors-and-stocks-bought-and-sold-by-fundmanagers-in-dec-2017-118011200377_1.html"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://www.indiainfoline.com/article/news-top-story/top-10-sectors-and-stocks-bought-and-sold-by-fundmanagers-in-dec-2017-118011200377_1.html</span></a></p>
<ol type="1" start="11" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:28.99219pt;margin-left:46.9921875pt;padding-left:-10.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">“Python Pandas Introduction”, Tutorials Point,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;"> 2018 at 18:50, [Available Online] </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> </span><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://www.tutorialspoint.com/python_pandas/python_pandas_introduction.htm"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://www.tutorialspoint.com/python_pandas/python_pandas_introduction.htm</span></a></p>
<ol type="1" start="12" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:28.99219pt;margin-left:46.9921875pt;padding-left:-10.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">“Python Matplotlib Introduction”, Tutorials Point,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> 2018 at 19:30, [Available Online] </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> </span><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://www.tutorialspoint.com/python/python_matplotlib.htm"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://www.tutorialspoint.com/python/python_matplotlib.htm</span></a></p>
<ol type="1" start="13" style="margin:0pt; padding-left:0pt">
<li class="List-Paragraph" style="-sf-number-width:28.99219pt;margin-left:46.9921875pt;padding-left:-10.9921875pt;text-indent:0pt;"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">“OLS Model”, Blog-DataRobot,</span></li>
</ol>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">Accessed: 30 </span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;">July</span><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> 2018 at 15:30, [Available Online] </span></p>
<p class="List-Paragraph"><span style="font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;line-height:107.916664%;mso-spacerun:yes;"> </span><a style="color:#0563C1;font-family:Times New Roman;font-size:12pt;text-transform:none;font-weight:normal;font-style:normal;font-variant:normal;text-decoration: underline;line-height:107.916664%;" href="https://blog.datarobot.com/ordinary-least-squares-in-python"><span class="Default-Paragraph-Font Hyperlink" style="font-family:Times New Roman;font-size:12pt;line-height:107.916664%;">https://blog.datarobot.com/ordinary-least-squares-in-python</span></a></p>
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