Alpha India Early Economic - BSE Auto Special

Rieki and Numeric Ranking are great filtering tools when it comes to finding sell or buy opportunities. The latest report carries two special cases on the top performer BSE Auto stocks, Cummins and Bajaj Auto (slide 4 and 5). The updated Numeric Ranking and pair grid (slide 1) also confirm our case. The respective stocks are best shorts, along with Federal Bank, Canara Bank, Bank of Baroda, Shriram Transport Finance, Lupin, BSE Consumer Durables, Corporation Bank and Dr Reddy’s. The best buys are Punj Lloyd, Housing Development and Infrastructure, Suzlon, Tech Mahindra, GMR Infrastructure, India Bulls, Jaiprakash, SAIL, Reliance Capital and Reliance Infrastructure.

The updated Rieki portfolio carries two shorts and four longs. We closed Tata Motors, Bank of Baroda, Cummins and one contract of Bajaj Auto on the short side. We are left with another contract of Bajaj Auto and Federal Bank. On the long side we have Reliance, Tech Mahindra, Suzlon and Reliance Power which are still worst performers and should outperform in the next few weeks. Our overall view on the Indian market remains negative with a potential subminor bounce.

Enjoy the latest Alpha India.

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.


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