Alpha India EE – Bank of Baroda and Axis Bank

Bank of Baroda Daily
Prices reach trend channel and key Fibonacci supports near psychological 900 levels. The over reactive daily RSI momentum suggests that respective supports should hold for now. We see the current structure as an ongoing W-X-Y-X-Z minor correction up which could retest 1,000 resistances before any reversal.

Axis Bank Daily
The preferred view sees the current structure as an ongoing W-X-Y-X-Z minor correction up. Prices reached key Fibonacci and trend channel supports near 1,250 and the over reactive daily RSI momentum suggests that respective supports should hold. The alternate view suggests a completed A-B-C corrective structure up and further negativity from current levels.

Alpha is a daily strategy signal product that gives trading and investment signals. Alpha is a numeric Ranking product based on TIME fractals. 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. Alpha is a part of the time triads analytics developed by Orpheus Research.
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.