Archive for December 20th, 2010

Alpha India EE - BSE Realty Special

BSE realty is the worst performer and hence the best potential outperformer. Today’s Alpha carries two best long opportunities of the Indian Realty sector. According to the Jiseki integrated rankings, DLF and Housing Development and Infrastructure are the worst performers and should outperform in the next period.

The updated pair grid continues to suggest Federal Bank, Bajaj Auto and Cummins as top performers, while Sun, Punj Lloyd and Housing Development are the worst performers.

The Rieki portfolio carries four longs and three shorts. We continue to hold Reliance, Tech Mahindra, Suzlon and Reliance Power on the long side, while we are selling Federal Bank, Tata Motors and Dr Reddy’s on the short futures side.

Nifty seems to be completing a second corrective wave up. We are looking at 6,100 as a key resistance ahead. NIFTY Rieki also looks topping near trendline resistances. INR continues to weaken as anticipated, while NIFTY VIX remains in a sideways correction.

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.