Best and worst performer Indian banks

The chart below illustrates the best and the worst performer Indian banks among an extended list of 500 Indian stocks. Kotak Mahindra Bank is the best performer, ranked near 93%, while Vijaya Bank is the worst, ranked near 31% rankings. Today’s report carries technical cases on the respective stocks.
The market bias remains positive for the day, as we continue to look at an ongoing minor correction up till 5,200 resistances in the case of NIFTY.

KOTAK MAHINDRA BANK Daily. Potential head and shoulders reversal pattern with neckline supports near 410 levels. The minor structure also looks like an ongoing W-X-Y correction down. Sub 480-490 resistances we remain negative.

Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings of 0 to 100. The higher the percentile more the chance for an asset to weaken and worst the ranking, better the chance for the respective asset to outperform.
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.