Early Economic best and worst
The Early Economic sector remains on average a best performer of the Indian market. 74% of the Early Economic stocks we study fell in the higher half of the rankings (above 50%), while only 26% is ranked below 50%.
The chart below illustrates the best and worst performers in both daily and weekly rankings. The best performers are the ones which are ranked above 80%, while the worst performers are ranked below 20% (in the case of both rankings). This way we remained with a list of 10 best stocks: Yes Bank, Tata Motors, LIC Housing Finance, Bajaj Auto, Shriram Transport Finance, Adani Enterprises, TCS, Bank of Baroda, Canara Bank, ICICI Bank and 5 worst stocks: DLF, Bharti Airtel, Reliance Power, Indiabulls and Reliance Communications.
NIFTY seems to be in a subminor correction down which should not push lower than 5,600-5,500 supports. Above respective supports the minor view remains positive.
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.