Do you remember HDIL?

I am not sure whether you would have said YES to this question start of the year. But now of course that the stock has moved 124% year to date, the buzz has started. HDIL was the worst ranking Jiseki India stock we have been mentioning as an accumulate and buy along with DLF, RLCM, PUJL, SUZL, RPOL and BSEPOWER. Guess what? All of them have outperformed NIFTY since the start of the year. And if you are wondering how you did not see it, we have carried the NIFTY chart with BSEPOWER. The power index was the least gainer from our list. Though visually NIFTY seems to have done better than BSE POWER, it’s a logarithmic illusion. It’s the latter that has outpaced the former. A traders and investors undue focus on Nifty just cost him 100% relatively. Who told him to focus on Nifty? Maybe it’s time you revisited our article  ‘Does Nifty Sleep?’ we wrote on 11 Sep 2010. 
 

The latest ALPHA carries the technical cases and Jiseki cycles for the worst ranking performers for CNX100…

You can also download the report from our Reuters Store
Our Jiseki Time cycles are seasonal patterns of strength or weakness in assets. They are derived from percentile rankings from 1 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. 100 is top relative performance and 1 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick. Jiseki is another name for Performance cycles, time triads and time fractals. The signals are illustrated as a running portfolio and as Jiseki Indices. These signals can be used by fund managers for relative allocations, traders for leverage bets and high net worth clients for selective trades.
Jiseki Interpretation. Signals are interpreted as crossovers between various Jiseki Cycles. All three Jiseki cycles (Jiseki 1,2 and 3) depict different time frames. Example: An asset is ranked above 80 percentile and all the three Jiseki cycles are pointing lower, this suggests a running SHORT SIGNAL. Our Jiseki Indices use different kind of exits based on price and Jiseki Cycles. We have color coded the (Jiseki 1>Jiseki 2) SHORT zones with brown sandy (burlywood) and grey (Jiseki 1>Jiseki2) for LONG SIGNALS.
Coverage: CNX 100 components and all Indian Sector Indices.

Mukul Pal, is a Chartered Market Technician, MBA Finance and a member of the reputed Market Technicians Association (MTA). He has more than a decade of Capital Market experience dealing with derivatives and global assets. He has worked for Bombay Stock  Exchange, multinational Banks and brokerage houses in leading research positions before starting on his own in 2005. He is the President of the MTA Central and Eastern European Chapter.