Alpha India EE – Corporation and Canara Bank ready to fall

Banks remain the top performers of the Early Economic sector. The numeric ranking illustrated here indicates more components from the Banking sector. 8 of the 20 top performers are banks: Federal Bank, Canara Bank, Bank of Baroda, Corporation Bank, Andhra Bank, Syndicate Bank, Axis Bank and IDBI Bank.
We expect Nsebank to underperform the broad market in the weeks ahead. We have illustrated here the technical view which suggests psychological 10,000 as a potential intermediate target (previous A wave highs and key Fibonacci supports).
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.
Stop loss and exits are activated at 4%
Coverage India: 100 top 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.
India Accuracy Report 2009