Posts tagged ‘.NSEBANK’

Alpha India EE - Banking sector special

Nifty made a daily Key Reversal bar near our anticipated supports at 5,200 levels. Daily RSI momentum is also turning back from the oversold territory, confirming our positive bias on the market. We are looking now at a corrective iv wave up till key resistances at 5,550-5,600 levels. Nsebank however lacks the impulsive look and seems to have completed the third Y leg down of the minor 3-3-3 correction. We have a daily RSI non-confirmation which suggests further minor positivity till at least previous highs and key Fibonacci retracement levels near 11,250. The Jiseki cycles are negative in both cases with no reversal sign yet.
The current report carries two technical cases on Canara Bank and Axis Bank, the Jiseki ranking of the Indian Banks and the Jiseki ranking of the Early Economic sector.

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: 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.


Alpha India Indices - The Short Filter

Numeric ranking and Rieki can assist to filter out short opportunities. NSE BANK is a top performing sector, which according to us should underperform. Among NSE BANK components Canara Bank and IDBI Bank are the top rankers. These are the best short opportunities. The price structure for the respective banks seem to in a iii minor wave down till first projected targets at 640 (Canara Bank) and 140 (IDBI Bank).

NSE Bank Rieki remains negative with first target projections down till 11,000. Nifty is also in a iii minor wave down.

Enjoy the latest Alpha Indices.

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.


WAVES.INDIA - NSEBANK. ANTICIPATED AND HAPPENED

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ORPHEUS INDIA RESEARCH

WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK

ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS - USA


NSEBANK. ANTICIPATED AND HAPPENED

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ORPHEUS INDIA RESEARCH

WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK

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WAVES.INDIA - NSEBANK TESTS KEY NECKLINE

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ORPHEUS INDIA RESEARCH

WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK

ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

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NSEBANK. ALTERNATE VIEW CONTINUES TO SUGGEST AN A-B-C CORRECTIVE

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ORPHEUS INDIA RESEARCH

WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK

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NSEBANK FUTURES. Anticipated and Happened

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This is a perspective product which helps making and implementing a strategy better. TICKS.INDIA covers NIFTY, NIFTY BANK, CNXIT and their futures on an Intra day basis. The report also covers Sensex. The reports are published through a self refreshing webpage. The service starts at 09:30 HRS (IST). The service can be accessed from the Orpheus Site.

TICKS.INDIA identifies the MINOR (less than 3 weeks), SUB MINOR (few days), and INTERMEDIATE (more than 6 weeks) trend and highlight respective KEY LEVELS for ENTRY and EXIT (The only two things needed for a strategy).

ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

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READING ALPHA


This update on ALPHA INDIA will take you through the mechanics of trading or investing based on the product signals. The pair trading strategy is divided into three different time horizons viz. sub minor (2-3 days), minor (10-30 days) and intermediate (above 30 days). We will call the portfolio with the respective names. Every pair has been classified. The above pair i.e. CNXIT-NSEBANK (IN2) is a pair between the Indian Technology index and NIFTY 50. The tracker illustrated above is a SUB MINOR portfolio with short term trades. The open date is at the top right corner.

The signals for this tracker generally repeat every 23 days. The +A – B notations suggest that the strategy is about buying CNXIT and selling NSEBANK. Now a trader should keep in mind that short term signals are only suggesting short term CNXIT outperformance against NSENBANK. The net unit return (assuming risk weighted baskets) is 3%. Time Arbitrage is an attempt to reduce risk per unit of return, but a seasoned trader knows that risk can never be eliminated and riskless arbitrage, a term quoted in finance textbooks does not exist. This is why though backtested results show limited drawdown, we have a stop loss limit at 4%.  Leveraged traders should try to diversify with multiple pairs in a portfolio. ALPHA.INDIA plans to have 10 pair portfolio next month. Please review the product everytime for fresh signals. The report carries other entry signals for other pairs.

Please feel free to mail us for any clarifications.

Enjoy the latest ALPHA.IND

*This is a strategy product. Long Short strategies are not riskless strategies. 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 TIME ANALYTICS research products.

ALPHA is a pair trading strategy product based on TIME ARBITRAGE, a term coined by Orpheus Research. The signals are carried over three different time frames viz. sub minor (2-3 days), minor (10-30 days) and intermediate (above 30 days). This is a daily signal product. The signals will be illustrated through tracker and binary charts. The product carries running performance portfolio tracker and give clear entry and exit signals. 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.

ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

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THE ARBITRAGE CURVE

This might look like a learning curve, but it’s an arbitrage curve for me. Pair trading in Indian markets is an exciting experience. Even as early as 2000 I remember working on cash-futures, futures-futures arbitrate sheets on the BRIDGE TERMINAL at the 24 floor of the Bombay Stock Exchange, teaching brokers how to execute riskless strategies. If this fascination for ARBITRAGE was not enough, I ended up designing CALENDAR SPREAD strategies for brokers in ROMANIA. Now after nine years of this journey I am not surprised introducing the new Orpheus ALPHA INDIA pair trading strategy product. This product is based on TIME ARBITRAGE.

The signals are carried over three different time frames viz. sub minor (2-3 days), minor (10-30 days) and intermediate (above 30 days). This is a daily signal product. In the debut product we are carrying backtested results from three pairs (CNXIT-NIFTY, CNXIT-NSEBANK, RIL-ONGC). The signals will be illustrated through a BINARY CHART (SLIDE1). A positive 1 will initiate an open pair position and 0 will be a signal to close. We will also be carrying a live performance portfolio tracker.

Despite the fact that the time triads isolate real performance between closely or losely linked pairs, the backtested results illustrate here should be judged critically. The respective results are not adjusted for brokerage fees, bid-ask spreads, slippage and other execution related costs. Conservatively putting we are targeting 30% annualised spot returns. Alpha can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades.

Performance between assets are cyclical and ordered. In continuation of our work on TIME TRIADS and Econohistory, we introduce ALPHA INDIA. This is a trending product which carries signal based on performance cycles of Indian market pairs. This is a part of the time triads analytics developed by Orpheus Research. We are also working on some anticipatory products linked with time projection, which will extend our analytics based offer.

Please feel free to mail us for any clarifications.

Enjoy the latest ALPHA.IND

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*This is a strategy product. Long Short strategies are not riskless strategies. 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 ECONOHISTORY research products.

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WAVES.INDIA - PREFERRED B OR ALTERNATE 4

The main question now is how deep will be the ongoing retracement? If we are looking at a forming B, get ready for levels much below 4,000. While if we are looking at a 4 wave, 4,000 key supports should hold. Why is 4 an alternate for us?

There are a few reasons. First the 2 wave is not a classic Zigzag. Second, the 3 wave up can be subdivided as an A-B-C and not just as a clear impulse. Third, SENSEX performance cycles are suggesting weakness against DOW and other Global Indices. To expect a 4 here would mean strength not weakness.

About Head and Shoulder, neckline breach and retest. These are conventional interpretations and real markets have no rule regarding neckline retests. For us the only head and shoulder that matters is the one on time. We will write about it shortly.

Meanwhile we have added the performance tracker which illustrates the performance between NIFTY and NSEBANK. While the markets were crashing the last few days, the pair made a net performance of 6%. We have also enclosed likely down targets and key levels.

Enjoy the latest WAVES.IND

* This is a perspective product and not a strategy product. Long Short strategies are not riskless strategies. Please mail us for a detailed working or consult a local financial risk manager.

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Download the report wavesind090709


ORPHEUS INDIA RESEARCH

WAVES.IND is a perspective product published on Tuesday and Thursday. The report highlights Indian Stock Market top sectoral Indices and Sensex (BSE 30) viz. BSEOIL, BSESC (Small Cap), BSEMC (Mid Cap), BSEHC (BSE Health Care), BSEPHARMA (Pharmaceuticals), BSECG (Capital Goods), BSEBANK (Banking), CNXIT (Technology), BSEFMCG (FMCG), BSEAUTO (Auto) etc.. The product also covers all the 30 Sensex components. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers.

COVERAGE: REUTERS RICS. INDICES. .BSEBANK, .BSEOIL, .NSEI, .BSECG, .BSESN, .BSEAUTO, .CNXIT, .NSEBANK, CITc1, IFc1, .NSEBANK

ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM

ORPHEUS RESEARCH AT REUTERS - USA


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