The latest ALPHA updates sector Jiseki cycles and illustrates the return table since Jan 2009. BSEREAL and POWER were the worst performers for the period at -28% and 11% respectively. While AUTO and Consumer Durables were the best at 293% and 223% respectively. The technical picture has not changed. We still have a negative […]
Sustainable market reversal does not happen without a broad market support. To expect Nifty to reverse with underperforming sectors pulling it lower is wishful thinking. This Alpha we take the BSE500 Energy stocks that are above 70% in rankings. We compare them with our long only ideas BPCL and ONGC. What do we see? […]
This is what we wrote on 31 Dec 2008 Kitchin doubts Recession 09 – 31 DEC 2008 – INDIA – There is not one place where we have not seen a reference of a recession in 2009. CNN carried an increase in unemployment and recession report. We have many other newspapers and journals talking […]
We have filtered the BSE 500 stocks for best performing top ranked chemicals sector components. We have reviewed the respective stocks Jiseki cycles and screened ideas for new shorts. This is the third short idea screening we have done since 23 Feb. Barring ITC most of our shorts have delivered. We carry the short […]
Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings from 1 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform. 100 is top relative performance and 1 is worst performance. The […]
Well of course there are reasons and rules for a stock components to make in and out of the Nifty. But is the approach always objective? Asian Paints and Bank of Baroda replaced Reliance Power and Reliance communications in the Nifty. Lets’ review the changes according to Jiseki. Mostly like in life it’s the worst […]
We are not out of the woods yet. Sensex seems to have completed a flat a-b-c corrective and still has further minor downside. Our longer term view remains positive till Nifty 5,100-5,000 holds. (Sensex 16,600). This week we compare Sensex with Dow to understand how is Sensex positioned vs. global markets and sectors. On 24 […]
On 15 Feb we talked about 4 investment ideas. All of them are positive month to date and barring one all of them are also positive year to date. We will review them at a later date when we integrate all the long investment ideas in a single long only India portfolio. Today we are […]
Timing is everything. Investing a quarter too early can influence the annual return on your portfolio. Now that Hindalco reached near 111 lows it reminds us of the great buy opportunity of 2009 when the stock was sub 40. Before we make our case for Hindalco whether to invest now or later, let us […]
Proportion is mathematical. This is why Elliott beautifully illustrates the proportional structure on markets. In this update we question some Elliott assumptions and highlight some observations on Dow Jones Industrial and the overall market structure. Fig. 1: This is a classic five wave structure from 1789 to 1990. The 1990 highs seemed like a top, […]