Short Term Programs

Certified Financial Market Association Program

Module 1: Financial Markets

  • Financial Markets and Instruments

    Types of markets; Financial Instruments; Types of investment avenues

  • Primary Markets

    Initial Public Offerings (IPO); Book building; Pricing of issues; Allotment of shares; Basis of allotment; Listing of securities; credit rating

  • Secondary Market

    Role and functions of SEBI, Depositories, Stock exchanges; Membership, Registration Procedure, Method of Trading in a Stock Exchange; Clearing settlement and risk management. Methodology of index calculation.

  • Government Securities Market

    Indian debt market; Primary market; Secondary market; Negotiated Dealing Systems; Wholesale debt market

Module 2: Fundamental Analysis

  • Introduction

    Steps in fundamental analysis; Impact of corporate actions; Macro Economic Environment; Time Value of Money; Elementary Statistical Concepts

  • Understanding to Financial Statements

    Financial statement analysis; Ratio Analysis; Du-Pont analysis

  • Valuation Methods

    Top down valuation; Discounted Cash Flow (DCF) models; Ratio based valuation; Enterprise value; Valuation and case studies

Module 3: Technical Analysis

  • Introduction

    Technical approach of trading and investing; The Dow Theory

  • Charts

    Types of Charts; Data requirements

  • Trends

    Major trend lines; Major trend channels Support & Resistance Definition; Roles of support and resistance; Tests for determination; Importance of volume

    • Important Reversal Formations
    • Consolidation Formations
    • Technical Indicators
    • Trading Tactics

Module 4: Derivatives Market

  • Introduction

    Types of derivatives instruments; Forward contracts; Futures; Options; Swaps

  • Stock Futures

    Advantages of stock futures; Participants of stock futures; Pricing of stock futures; Trading strategies using stock futures

  • Index Futures

    Index futures contracts in India; Hedging price risk with index futures; Spreads

  • Options

    Types of options contract; Intrinsic value and time value; Options pricing; Factors affecting price of options; Put-Call parity; Greeks and their usage in risk management; Options trading strategies