Alpha India LE – LE best and worst

Today’s Alpha India report carries the ranking of the best and worst Late Economic (LE) stocks. The best ones carried here are the ones above 85%, while the worst ones are ranked sub 30%. Hindalco, JSW Steel and Biocon are at the top, followed by Jindal Steel, Lupin and Dr Reddy. At the bottom we have Hindustan Unilever, Power Grid and Suzlon. We updated the technical cases and cycle structures on Biocon and Hindustan Unilever. Biocon’s subminor structure looks like a completing correction which should resolve lower. Sub trend channel supports at 320 levels we should get further negative confirmation. Hindustan Unilever’s minor structure also looks like a completed correction which suggests further minor negativity till at least previous lows at 270 levels. The Jiseki cycles are updated on slide 2 and 3.

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.