Indices ranking India

We illustrated here the Jiseki ranking of the major Indian indices. NIFTY VIX remains the worst, preceded by BSE REALTY, BSE OIL and BSE POWER (sub 50% rankings). The top performer sectors are BSE Consumer Durables, BSE AUTO, CNXIT and NSEBANK (all above 80% rankings).
The market bias remains positive as NIFTY is heading to our highlighted key resistances at 5,200 levels. A break above respective resistances would suggest further minor positivity ahead till 5,500-6,000 levels or even higher.
The current Alpha India report also carries technical cases on the three major Indian indices: NIFTY, CNXIT and NSEBANK.

CNXIT 60MIN. The subminor structure looks like the beginning of a larger impulse up. We also have a potential inverted head and shoulders reversal formation with neckline resistances near 5,400 levels. A break above respective resistances would give us further positive confirmation. Our first minor target lies near psychological 6,000 levels.

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.