Jindal Steel and Torrent Power
The daily Jiseki cycles made positive crossovers in both cases, suggesting that the current minor supports could hold for now and we should see another bounce before the real underperformance of the current best performers starts.
Jiseki Cycles is another name for Performance cycles. Jiseki is a bounded oscillator that moves in a range of 1% to 100%. 100% is a top relative performer and 1% is the worst performer. Since performance is cyclical, the top performer should 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 cycles vary with different time periods (e.g. 1 month, 3 months, 6 months). All the Jiseki cycles are mapped to the left hand scale and the asset price (or relative performance) is mapped to the right hand scale.
NIFTY Futures 60MIN. Above subminor trend channel supports at 5,400 levels the corrective b circle wave scenario remains valid. Sub 5,400 supports the alternate view suggests an extending impulsive (iii)/(c) wave down.
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.