Archive for November 24th, 2009

CHANNELS.INDIA – TELECOMMUNICATIONS REMAIN DOWN

CH.IND.251109

SUMMARY: IDEA DAILY (IDEA) Prices continue to hold key support levels at 45. BHARTI DAILY (BRTI) Prices continue to hold key supports at 280 levels. MAHAGANAR DAILY (MTNL) Prices continue to push lower in the C wave down. Key supports lie at psychological 60 levels. TATA COMMUNICATIONS DAILY (TATA) Prices pushed lower till key support levels at 350. A sustained bounce back from here would suggest that the corrective structure down is already complete. ASHOK DAILY (ASOK) The impulsive structure up seems complete. Sub key 51 levels we continue to look lower. CROMPTON DAILY (CROM) Prices are completing the impulsive structure up. Key resistances lie at psychological 400. BLUE STAR DAILY (BLUS) Prices continue to hold neckline supports at 335. We need a clear break here to continue to look lower. TATA MOTORS DAILY (TAMO) Prices are completing the impulsive structure up. Key resistance levels lie at psychological 700. LARSEN 60MIN (LART) The current formation looks like a corrective structure up. Key resistances lie at previous high levels at 1,700. BHARAT HEAVY DAILY (BHEL) Prices seem to be in a corrective structure down which could push lower till psychological 2,000 levels.

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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

ORPHEUS RESEARCH AT REUTERS – USA


WAVES.FOREX – GBPUSD. CONTINUING THE CORRECTIVE STRUCTURE DOWN TILL 1.6

GBPUSD.241109


GBPUSD1

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WAVES.FOREX is a perspective product published TUE and THU. The report highlights the top traded FOREX PAIRS (e.g. Euro, Dollar, Yen, Indian Rupee, Romanian Lei, Swiss Franc and Dollar Index) 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. REUTER RICS: EURRON=, RON=, JPY=, INR=, HUF=, HRK=, GBP=, EURCHF=, CHFRON=, CAD=, =USD, EUR=

ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS – USA




WAVES.ROM – BETFI. ABOVE 24,000 GET READY FOR 27,000.

2411en

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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

ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS – USA


Integrity Research – Outsouring as a profit driver

Research outsourcing

As sell-side research has shrunk over the past decade, asset managers have been faced with some hard choices about the provision of adequate research on which to base their investment decisions. Larger asset managers have, until recently, had enough funds available to increase their in-house research capabilities. This has been a less viable option for small- and mid-sized asset managers. Fund management firms, however, need to demonstrate the rigor and consistency of their investment process if they are to find their way on to the consultant’s recommended list. Hedge funds have to date relied on the skills and experience of their senior principals and when it fit their strategy, they concentrated commissions on sell-side firms that provided them with the best access to research. However, hedge fund seniors often find themselves with insufficient time to research all their ideas in sufficient depth to support a high- conviction trade.

Independent research has flourished in some niches; however, most firms have struggled to build sufficient revenue streams to support broad coverage with high-quality fundamental research. The independent sector is therefore a mixture of niche providers who focus on larger sectors and data providers which provide more information than in-depth analysis.

Facing a less certain future post 2008, many managers should consider outsourcing as a means of plugging the gaps in their research needs at an acceptable cost. Onshore seniors will always retain ultimate responsibility for security selection, but they may be able to make better decisions with better resourced support. Active managers have a wide variety of investment styles, and therefore there can be no “one size fits all” prescription with respect to offshore research support. Vendor selection should be based on:

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Amba White Paper – Outsourcing as a Profitability Driver in the Asset Management Industry_2009 October


Intergrity Research – The failure of financial analysis

Will the financial crisis foster new approaches to financial analysis?  We invited Ted Prince, founder of Perth Leadership Institute and a practitioner of behavioral analysis of company management, to share his views on changes in financial analysis.

Behavioral Financial Analysis: the Next Frontier

Dr. E. Ted Prince

The Failure of Financial Analysis

Unremarked in the cascade of financial disasters that has befallen the US is the utter failure of financial and valuation analysis.  The 2008 Crash demonstrated that traditional valuation analysis provides no way to model nonlinearities – the very things we want to predict in looking at valuation.

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