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The Use of Technical and Fundamental Analyses By Stock Exchange Brokers: Indian Evidence

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  • Naveen Kumar Baradi
  • Sanjay Mohapatra

Abstract

This paper presents findings of an online questionnaire survey, conducted among stock brokers of Bombay Stock Exchange, India, over the use of technical and fundamental analysis to form forecasts of stock price movements. Findings reveal that at least 90 percent of the stock brokers place some weight on technical analysis when forming views at one or more time periods. It was noticed that at shorter time periods, there exists a skew towards reliance on technical analysis as compared to fundamental analysis, but as the length of time period increases the skew shifts to fundamental analysis. Most of the stock brokers view technical analysis as complementary to fundamental analysis.

Suggested Citation

  • Naveen Kumar Baradi & Sanjay Mohapatra, 2014. "The Use of Technical and Fundamental Analyses By Stock Exchange Brokers: Indian Evidence," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 2(4), pages 190-203.
    • Handle: RePEc:rss:jnljee:v2i4p2
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