Alpha India Indices – The Short Filter

Numeric ranking and Rieki can assist to filter out short opportunities. NSE BANK is a top performing sector, which according to us should underperform. Among NSE BANK components Canara Bank and IDBI Bank are the top rankers. These are the best short opportunities. The price structure for the respective banks seem to in a iii minor wave down till first projected targets at 640 (Canara Bank) and 140 (IDBI Bank).
NSE Bank Rieki remains negative with first target projections down till 11,000. Nifty is also in a iii minor wave down.
Enjoy the latest Alpha Indices.
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.
Coverage India: BSE500 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.