Archive for August 10th, 2012

SENSEX 30 - What happened to ITC and HLL?

It was on 13 Feb 2012, we highlighted the Jiseki for HLL and labeled it as a [long investment idea]. The stock is up around 30% since then. And it was on [14 Oct 2010] we illustrated a technical case on ITC with targets at 200. The stock is up 70% since then. This is less than 24 months. In this latest update on Sensex 30 with the two price and Jiseki cycle filter.

There are 8 components that are negative for both filters. These are SBI, Maruti, Bharti, Hindalco, Jindal Steel, Wipro and Tata Power. Barring WIPRO all the other stocks are negative for the quarter. Bharti is down 35% for the period. There are 12 components that are positive on both price and Jiseki cycle. All these components are positive for a quarter.

This leaves us with 10 components that have a non-confirmation between price and Jiseki cycle filters. These are stocks that are either at historical lows like Reliance, BHEL or at historical highs like Tata Motors, M&M, TCS, Hero Motors or are moving sideways like HDFC, ONGC, COAL India.

Enjoy the latest ALPHA SENSEX 30 review.

Jiseki Interpretation. Signals are interpreted as crossovers between various Jiseki Cycles. All three Jiseki cycles (Jiseki 1,2 and 3) depict different time frames. Example: An asset is ranked above 80 percentile and all the three Jiseki cycles are pointing lower, this suggests a running SHORT SIGNAL. Our Jiseki Indices use different kind of exits based on price and Jiseki Cycles. We have color coded the (Jiseki 1>Jiseki 2) SHORT zones with brown sandy (burlywood) and grey (Jiseki 1>Jiseki2) for LONG SIGNALS.

Coverage India: CNX100, BSE500 traded stocks and Indian Indices.

Domnita Pascut is the founding member of Orpheus Capitals.  Her interest in charts and market patterns was an extension of her keen understanding of social mood and sentiment. How charts could say so much intrigued her. She worked on market patterns, economic research, cyclicality and economic history. It was her liking for history which helped her see the cyclical natures of markets and patterns. Domnita now spearheads the extreme reversion anlaytics developed at Orpheus. She uses Jiseki Performance cycles and combines them with various risk metrics to analyse markets and filter out trading signals.