Channels.India – Late economic performance cycles
GRASIM DAILY Prices retest trend channel supports. A clear break here would push prices lower till key 2,500 levels or even lower. Performance cycles are topping. Grasim is the top potential underperformer stock for the weeks ahead. ACC DAILY Prices seem to be in an a-b-c corrective structure down which could push lower till psychological 800 levels. Performance cycles are topping.
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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.
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
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Author: Orpheus | Date: 25 February 2010 | Comments (2)
Tags: channels
Categories: India
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GRASIM has been excluded from Nifty-50 and replaced by KOTAK BANK, so that may have a negative impact on GRASIM too as index funds churn the portfolios.
Thanks for the post Tanmay. You can call us lucky then for giving the long Nifty bees, short Grasim strategy. Grasim will be replaced by Kotak in ALPHA NR also.
MUMBAI, Feb 25, 2010 (AsiaPulse via COMTEX) –
India’s National Stock Exchange (NSE) on Thursday said it will include Kotak Mahindra Bank (NSE:KOTAKBANK) in its benchmark Nifty-50 Index, replacing Aditya Birla’s flagship cement company Grasim Industries (NSE:GRASIM) with effect from April 8.
The budget strategy (India)
By Orpheus | Published: 24 February, 2010 | Edit
Performance cycles can harness event risk and offer an alternative
Strategy
What should be the budget strategy? A few investors asked to brainstorm on the above question thought like this. One thought of the Nifty contracting triangle and suggested staying away. Another suggested range bound Nifty was good between 4900 – 4700 and selling puts and calls and taking premium. A third talked about a March straddle 30 minutes before expiration.
http://www.tradingmarkets.com/news/stock-alert/grsxy_pnjlf_kotak-mahindra-bank-replaces-grasim-in-india-nse-nifty-50-index-802760.html