Tisco and Dr Reddy

Today we continue the analysis of our top Late Economic shorts with Tisco and Dr Reddy. We compared the performances and Jiseki cycles of the two stocks with their sector index (Tisco with BSE Metals and Dr Reddy with BSE Healthcare, respectively). In both cases, the relative Jiseki suggests that the stocks have been outperforming their sector on a multi-month time frame till now. The relative performance structures, however, started showing signs of a reversal in performance. The Tisco – BSE Metals relative performance structure is a valid head and shoulders reversal (slide 3), while the Dr Reddy – BSE Healthcare relative performance looks ready to break the primary trend channel supports (slide 5). The market bias remains negative as NIFTY made a potential corrective triangle on the subminor structure and we expect 5,435-5,440 resistances to hold. The alternate view, however, suggests an ongoing a-b-c correction up which could extend higher till 5,460 levels.

Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. 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. Alpha is a part of the time triads analytics developed by Orpheus Research.

Coverage India: CNX100 traded stocks and Indian Indices.

Michesan Anna-Maria, 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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