Alpha India – Worst Banks

Our preferred view on the Indian market remains positive as long as NIFTY remains above 5,500-5,400 supports.  This is a time to look at those assets which could outperform over the next few weeks i.e. worst performers.
The chart below illustrates the Jiseki ranking of the Bank NIFTY components. The worst performer banks are IDBI Bank, Oriental Bank and
ICICI Bank. The best performer banks are Axis Bank, Kotak Mahindra Bank and HDFC Bank.
Today’s report also carries technical cases on the two worst performer banks, IDBI and Oriental Bank.
 
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.