The Long portfolio. Today we are introducing the long portfolio. The list of stocks are filtered for sector performance, seasonality and market bias. The market (Nifty) bias is positive for a few trading days ahead as Nifty still seems to be completing the ii sub minor wave up. This positive bias should benefit the potential outperformers and cause marginal real moves for underperforming sectors. Our Jiseki rankings indicate BSE Real and CNXIT should continue to push higher, while NSEBANK and Auto sector might just see marginal moves or stagnation.
We have added Housing Development and Infrastructure and Reliance Com to our current positive list. These are long spot portfolio. We will be using futures for our short only portfolio. We want to carry our long positions for an intermediate multi week period. CNXIT subminor view suggests higher prices in the next trading days ahead. Key levels to watch lie at 7,300. Above respective levels the subminor (few days) view remains positive. Tech Mahindra remains positive. The intermediate structure looks like a potential Double Bottom and prices could push higher till first targets till psychological 800.
Alpha is a daily strategy signal product that gives long only, short only, pair trading signals. Alpha is a numeric Ranking product based on TIME fractals. The signals are carried over minor (10-30 days) and intermediate (above 30 days) time frame. The signals are 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.
Naked and/or pair strategies are not riskless strategies. Time arbitrage portfolio legs should be risk weighted before any implementation. 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 Research products.
Coverage India: BSE500 traded stocks and Indian Indices.
Michesan Anna-Maria, the columnist for the WAVES.INDIA weekly and Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.
