Archive for July 7th, 2011

Late Economic best performers: DR REDDY and LUPIN

DR REDDY Daily. The preferred view sees the current structure as a completed (W)-(X)-(Y) correction down. Alternate, however, suggests a potential head and shoulders continuation pattern with neckline supports near 1,500 levels. Key resistances to watch lie at 1,630 levels (previous X wave highs and key Fibonacci confluence resistances). Above 1,630 the preferred view strengthens, while sub 1,500 we have a confirmation for alternate.

LUPIN Daily. The current intermediate structure looks like a completing corrective (B) wave up. Key resistances to watch lie at 475-490 levels.

DR REDDY and LUPIN Jiseki cycles. DR REDDY’s cycle has topped and suggests further underperformance, while LUPIN’s cycles is still topping at extreme levels.

*Jiseki Cycles is another name for Performance cycles. Jiseki is a bounded oscillator that moves in a range of 1% to 100%. 100% is a top relative performer and 1% is the worst performer. Since performance is cyclical, the top performer should 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. Jiseki cycles vary with different time periods (e.g. 1 month, 3 months, 6 months). All the Jiseki cycles are mapped to the left hand scale and the asset price (or relative performance) is mapped to the right hand scale.

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.