TOP POTENTIAL PERFORMERS AND UNDERPERFORMERS
TOP POTENTIAL PERFORMERS. BHEL, DLF, GRASIM, ACC, HLL, HINDALCO, HDFC, HDBK
PAIR PERFORMANCE CYCLES. OIL VS METALS FAVOUR OIL. HEALTH CASE VS FMCG
FAVOURS FMCG. TECHNOLOGY VS CAPITAL GOODS FAVOURS CAPITAL GOODS. TECH FAVOURS OVER BANKS.
PAIR PERFORMANCE CYCLES ARE RANGEBOUND OSCILLATORS. A TURN DOWN ON PAIR PERFORMANCE CYCLE SUGGESTS A REVERSAL IN PERFORMANCE BETWEEN PAIR ASSETS.
OIL VS METALS is the top sectoral play for India as Metals still top the quarterly rankings while OIL rank at the bottom of the performance column. Something at the bottom can’t remain there for long specially if its linked with the overall market dynamics. Short Metals (reduce metals), Long Oil (hold Oil) seems a workable strategy till end of the year. Defensive FMCG, CAPITAL goods still suggest that markets are more cautious than exuberant. Stock specific , the best reduce (SELL) stocks ranked at the top of the NR are WIPRO, TISCO, TATA POWER, TATA MOTORS, TCS. The best hold (BUY) stocks are HDBK, ACC, HLL, GRASIM, BHEL. HDBK is an off sector play because in the rush to buy SBI, the market seems to have ignored HDBK and HDFC. This is why though BANKING as a sector is overstretched the respective stocks are best of the lot now. Our long only portfolio has no LONGS. On pairs Nifty – HDBK is running. We are expecting pair signals on NIFTY – ACC in favor of ACC, BHEL – NIFTY in favor of BHEL, SBI -HDFC in favor of HDFC, SBI – HDBK in favor of HDBK, GRASIM – LNT in favor of LNT shortly. Enjoy the latest ALPHA.INDIA
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ALPHA is a pair trading, long only – short only strategy and Numeric Ranking product based on TIME fractals. Time arbitrage, Time Triads, Time fractals are terms coined by Orpheus Research. The signals are carried over three different time frames viz. sub minor (2-3 days), minor (10-30 days) and intermediate (above 30 days). This is a daily signal product. The signals will be illustrated through tracker and running portfolios. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades. This is a part of the time triads analytics developed by Orpheus Research.
TIME ARBITRAGE portfolio has five pairs now viz. Reliance – Nifty, CNXIT-Nifty, TCS-Nifty, CNXIT-Infosys, Nifty-ONGC. The above tracker will be updated on a daily basis. The freshly opened trades will have the shortest holding periods. The type of trade will be depicted in the degree i.e. sub minor (2-3 days), minor (10-30 days) and intermediate (above 30 days). The legs should be risk weighted before any implementation. We are assuming a running stop loss of 4% per traded pair. CNXIT/INFOSYS means LONG CNXIT, SHORT INFOSYS. This also means +A-B. When the pair inverts to INFOSYS/CNXIT, it would mean SHORT CNXIT, LONG INFOSYS meaning -A+B.
LONG ONLY, SHORT ONLY portfolio covers NIFTY, CNXIT, NSEBANK, RELIANCE, INFOSYS, ONGC, CIPLA, ICICI BANK, HDFC BANK, TISCO.
STOP LOSS AND EXITS are activated at 4%
Please feel free to mail us for any clarifications. *This is a strategy product. Long Short strategies are not riskless strategies. Please mail us for a detailed working or consult a local financial risk manager to execute these pairs. For more details please subscribe to the ORPHEUS TIME ANALYTICS research products.
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