Tag Archives: IFc1

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 [...]

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WAVES.INDIA - WHY DO BANKS FALL?

This question may have many answers based on when you ask it. The question may have no meaning if it was asked at the market top at BSEBANK 12,678 (20 Jan 2008). It may evoke a shrug if asked at Oct 2008 lows (BSEBANK 3,601). Now that BSEBANK has retraced almost 61.8% of the losses [...]

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THE DOLLAR SENSEX

 
There are stories about the inverse correlation between SENSEX and the US Dollar Index (USD). The same stories which talk about inverse correlation can also explain perfect correlation, but there is something missing here. First, perfect correlation does not last. Second, if instead of absolute prices if we compare changes between prices, the idea of [...]

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WAVES.INDIA - THE 13 WEEK PAUSE IS HERE

 
After 13 week of uninterrupted rise SENSEX has finally hit some resistance. Has it? Though 13 is a Fibonacci number with some significant symmetry what is more relevant here is that markets can not rise uninterrupted. We also had a small body indecisive candle last week, which makes the current week’s black body start not [...]

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WAVES.IND - FIRST SIGNS OF INTERMEDIATE TOPPING

 
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 [...]

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