CHANNELS.INDIA.170609

SUMMARY: IDEA DAILY (IDEA). Time oscillators suggest that any upmove should be shortlived. BHARTI DAILY (BRTI). Prices are successively retesting true trendline supports. We need a clear break here for more negative confirmation. Key levels lie at 770. MAHANAGAR TELEPHONE NIGAM DAILY (MTNL). Time oscillators suggest that key resistance levels near 120 should hold. TATA COMMUNICATIONS DAILY (TATA). Prices continued to hold above trend channel supports. Moving average crossover is still negative. TATA MOTORS DAILY (TAMO). Prices continued to push lower after completing the impulsive structure up. Sub psychological 300 levels we get more negative confirmation. ASHOK WEEKLY (ASOK). Prices continue to push lower in the cycle. CROMPTON DAILY (CROM). Prices continue to hold key resistance levels at 320. Non-confirming momentum also suggests a topping here. BHARAT HEAVY DAILY (BHEL). Prices continue to push lower in the c/iii wave down. LARSEN DAILY (LART). ANTICIPATED AND HAPPENED As anticipated, prices complete the five wave structure up near key 1,650 levels.

CHANNELS.INDIA is our second perspective product published on MONDAY, WEDNESDAY and FRIDAY. The report uses conventional technical tools and covers most top traded stocks. The report illustrates key price levels, price targets, price projections and time turn windows. WAVES.INDIA, CHANNELS.INDIA are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers the other mid cap and small cap stocks also. CHANNELS.INDIA carries the Early Economic cycle sector components, which includes FINANCIAL and DISCRETIONARY sector stocks, the Mid Economics cycles sector which includes INDUSTRIAL sector stocks and the Late Economic Sector cycle including ENERGY, STAPLES, UTILITIES, PHARMA, CHEMICALS sector stocks. REUTERS EARLY ECONOMIC RICS DLF.NS, HDFC.NS, HDBK.NS, ICBK.NS, SBI.NS, INFY.NS, TCS.NS, MAHM.NS, UNTE.NS, TITN.NS REUTERS MID ECONOMIC RICS ASOK.NS, TAMO.NS, CROM.NS, BHEL.NS, LART.NS, MTNL.NS, IDEA.NS, BRTI.NS, RLCM.NS, TATA.NS REUTERS LATE ECONOMIC RICS ONGC.NS, RLIN.NS, NTPC.NS, ACC.NS, HALC.NS, TISC.NS, ABUJ.NS, CIPL.NS, RANB.NS, ITC.NS

ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM

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Author: Orpheus | Date: 16 June 2009 | Comments (0)

Tags: channels

Categories: Anticipated and Happened, India

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Contrarianism works because it is the closest to TIME. Now that NATGAS outlook is at an extreme, the LONG NATGAS – SHORT BRENT strategy is worth it’s weight in GOLD. The intermediate cycles have already turned up and we should have some confirmation on primary (multi month) performance cycles soon.

Moreover the way Fundamentalists are being quoted in New York Times, their sentiment is at an extreme against NATGAS.

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* This is a perspective product and not a strategy product. Long Short strategies are not riskless strategies. Please mail us for a detailed working or consult a local financial risk manager.

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ORPHEUS GLOBAL RESEARCH

WAVES.OIL is a perspective product published once a week. The report covers BRENT, WTM, XLE (Energy SPDR), top energy stocks, Natural Gas and related FUTURES. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators.

REUTERS RICS: BRT-, WTM-, .XLE , CVX.N, XOM.N, IPNG, NG-P-CAL
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Author: Orpheus | Date: 16 June 2009 | Comments (0)

Tags: waves

Categories: Energy

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Contrarianism works because it is the closest to TIME. Now that NATGAS outlook is at an extreme, the LONG NATGAS – SHORT BRENT strategy is worth it’s weight in GOLD. The intermediate cycles have already turned up and we should have some confirmation on primary (multi month) performance cycles soon.

Moreover the way Fundamentalists are being quoted in New York Times, their sentiment is at an extreme against NATGAS.

“Natural Gas, Suddenly abundant, is cheaper”, “ This is a drastic collapse”, “There is a world bubble, a production glut”, “ Nat Gas is loosely connected to world oil benchmark ”

We also have news how Putin’s arm twisting and energy politics backfired now that Gazprom is witnessing declining fortunes. The fall in prices has devastated the company’s business model forcing it to close down own oil wells in Russia. Conclusions are all over the place. “Either the oil prices are going to surge or its not going to happen”. GAZPROM maybe in for some multi week dip, but any dip now on the stock should be the last bout of weakness before the multi year resurgence starts.

We at Orpheus are alone illustrating the performance cycle between NAT GAS and BRENT. The sentiment extreme seems to validate our pair and naked asset view that NATGAS is ready to outperform.

The latest update on OIL carries the UP BUT TOPPING view on OIL. We have conspicuous momentum non confirmations and conventional resistances right ahead. An alternate view suggests that OIL could push up marginally higher till 80. Overall view remains ready to reverse.

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* This is a perspective product and not a strategy product. Long Short strategies are not riskless strategies. Please mail us for a detailed working or consult a local financial risk manager.

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ORPHEUS GLOBAL RESEARCH

WAVES.OIL is a perspective product published once a week. The report covers BRENT, WTM, XLE (Energy SPDR), top energy stocks, Natural Gas and related FUTURES. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators.

REUTERS RICS: BRT-, WTM-, .XLE , CVX.N, XOM.N, IPNG, NG-P-CAL
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ORPHEUS RESEARCH AT REUTERS – USA

Author: Orpheus | Date: 16 June 2009 | Comments (1)

Tags: .XLE, BRT-, CVX.N, IPNG, NG-P-CAL, WTM-, XOM.N

Categories: Energy Pairs and Assets

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WAVES.ROM is a perspective product published on TUESDAY’S and THURSDAY’S. The report highlights Romanian Stock Market top three Equity Indices viz. the top ten blue chip BET Index (.BETI), BET Composite (.BETC), the Financial Index BETFI (.BETFI) and the local currency RON (EURRON=, RON=). The products covers the top ten BET component stocks. (ROMP.BX, SNPP.BX, BATR.BX, BRDX.BX, TSEL.BX, ATBE.BX, BRKU.BX, BIOF.BX, IMPT.BX, TUBU.BX) and all the components of BETFI Financial Index(SIF2.BX, SIF5.BX, SIF3.BX, SIF1.BX, SIF4.BX) are covered in the report. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers. WAVES.ROM, CHANNELS.BVB and CHANNELS.RASDAQ are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers all the BVB and RASDAQ stocks.

REUTERS COVERAGE .BETFI, TUBU.BX, TSEL.BX, SNPP.BX, SIF5.BX, SIF4.BX, SIF3.BX, SIF2.BX, SIF1.BX, ROMP.BX, IMPT.BX, BRKU.BX, BRDX.BX, BIOF.BX, BATR.BX, ATBE.BX

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Author: Orpheus | Date: 16 June 2009 | Comments (0)

Tags: ATBE.BX, BATR.BX, BETFI, BIOF.BX, BRDX.BX, BRKU.BX, IMPT.BX, ROMP.BX, SIF1.BX, SIF2.BX, SIF3.BX, SIF4.BX, SIF5.BX, SNPP.BX, TSEL.BX, TUBU.BX

Categories: Romania

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After 13 week of uninterrupted rise SENSEX has finally hit some resistance. Has it? Though 13 is a Fibonacci number with some significant symmetry what is more relevant here is that markets can not rise uninterrupted. We also had a small body indecisive candle last week, which makes the current week’s black body start not easy to ignore. The wide open gaps at 12,500 are also strange attractors that won’t let SENSEX rest in peace. TIME CYCLES that we have highlighted on prior occasions are non confirming and negative. Both preferred and alternate SENSEX counts suggest we are indeed at the top of the road for SENSEX for multi weeks even if we look at the current up move as a nine legged or W-X-Y-X-Z intermediate corrective up.

Other negatives include filled open gaps by CNXIT, failure swing at BSEAUTO, non confirming momentum on BSEOIL, BSE Health Care, BSEAUTO, first cracks at intermediate cycle top on CNXIT, cycle highs on BSEPOWER and a host of performance cycle updates.

The SENSEX VS. DOW pair has reversed suggesting SENSEX underperformance against DOW. If DOW will fall, SENSEX will fall more. SENSEX underperformance VS. GOLD, if Gold will fall, SENSEX will fall more. SENSEX underperformance VS. FTSE, if FTSE will fall, SENSEX will fall more. The latest report also carries an update on our open pair CNXIT VS. INFOSYS. We continue to hold LONG Infosys view against CNXIT.

The only positive seems the BSEBANK, which is still stuck at 8,000. Financials still seem to be holding on. Pauses are wishful thinking. Markets don’t always rise and pause, they also fall in cyclical precision.

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ORPHEUS INDIA RESEARCH

WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK

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Author: Orpheus | Date: 16 June 2009 | Comments (0)

Tags: .BSEAUTO, .BSEBANK, .BSECG, .BSEOIL, .CNXIT, .NSEBANK, .NSEI, BSESN, CITc1, IFc1

Categories: India

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