Punj Lloyd and Cummins

PUNJ LLOYD Daily. Prices are retesting the neckline near 67-68 supports. We need a bounce from respective supports for the inverted head and shoulders reversal pattern to remain valid. The daily RSI momentum is over reactive down and sustains our view.

CUMMINS Daily. Prices continued to push lower after retesting the minor trend channel near psychological 700 levels. The Elliott structure looks like an ongoing corrective (Y) wave down which should push lower till previous lows near 590 levels or even lower.

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.