Alpha India EE - Top performer banks

The Indian banking stocks are among the top performers according to both our systems: the Numeric Ranking highlighted Federal Bank, Bank of Baroda, Corporation Bank and Canara Bank as top rankers. The same four banking stocks are the ones which delivered the highest returns in our LOSO tracker. Slides 3 and 4 of the current report carry our technical view on the respective stocks along with their Rieki. Our overall market view remains up but topping and we are waiting for a negative price confirmation on Nifty sub 6,000-5,980 levels. As the intermediate reversal kicks in, Banks should lead the way down.

Our latest Alpha India report also carries the pair grid, a matching of the best assets with the worst which highlights the best potential pairs for the period ahead. The top performers are the horizontal ones, while the worst performers are vertical. LOSO trending signals can be used to confirm the sell and buy side of the pairs. The pair grid suggests Federal Bank, Bank of Baroda and Bajaj Auto as potential best sells and Punj Lloyd, Suzlon, HDIL and Tech Mahindra as best buys for the weeks ahead. However, remember to wait for the trending signal to confirm an entry.

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 Time Analytics research products.

Performance cycles (Rieki) is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. Time arbitrage, Time Triads, Time fractals are terms coined by Orpheus Research. Rieki is a bounded oscillator that moves in a range say from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will 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.

Time is a social construct and we see time through the life and nature around us. Understanding time can not only give a unifying theory to research of a few thousand years, but also help us understand the world we live in. Time evolves, oscillates and continues. Time comes before everything, but we don’t see it. We just feel it. We believe what we see and this is why understanding what we don’t see is a challenge. Understanding time could bring more than a conventional thought down, it’s a revolution, which could rock the very foundation of economic thought or the geometric structures Euclid laid down in 300 BC. We are at the start of the journey, but if time is indeed the real mathematics, we could see high accuracy in time forecasts.

Stop loss and exits are activated at 4%

Coverage India: 100 top traded stocks and Indian Indices.

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