Tag Archives: alpha

Alpha.India – Revisiting the CNXIT – BSE Metals case

By Orpheus | Published: 29 August, 2010
Three weeks ago we talked about two top potential outperformer sectors on the Indian market, CNXIT and BSE Metals. We said that although both should outperform, the CNXIT – Metals pair performance cycles suggests that Metals should outperform more than the Technology sector. Now let’s see what happened during these three weeks. At a first [...]
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Alpha.India – The Tisco case

By Orpheus | Published: 22 August, 2010
We have been talking about the potential outperformance of Metals since mid July. We highlighted three metal stocks and the metals sector as potential outperformers. These three stocks were Sterlite, Tisco and Hindalco. Sterlite, Hindalco are still outperforming (somewhere in the middle of the numeric rankings), metals sector is still low in rankings suggesting further [...]
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Alpha.India – The Fear index is ready to push higher

By Orpheus | Published: 15 August, 2010
The Volatility index or, as it is often called, the “fear index” measures the expected fluctuations in stock prices. A high VIX can mean fear of volatility in either direction, downside or upside. This means that a rising VIX is not necessarily bearish for stocks, but it implies a potential important movement in the market. [...]
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Alpha.India – Weak INR could exacerbate coming week

By Orpheus | Published: 1 August, 2010
Our minor view on the Indian market is now down as Nifty continued to push lower from the Evening Star we highlighted last week and also broke key supports at 5,360 levels. We could witness further minor or even intermediate negativity right ahead. Now that the market is turning bearish, the top potential underperformers to watch [...]
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Alpha.India – The New Alpha

By Orpheus | Published: 25 July, 2010
Orpheus Early Economic Sector The New Alpha is a new approach to look at numeric ranking and performance cycles. We changed the benchmark from Nifty to Indian Rupee Index. As we have mentioned on prior occasions, time cyclicality reflects irrespective of the benchmark or the comparison parameter we choose. And since all indices and stock [...]
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Alpha India: Nifty – Sterlite begins

By Orpheus | Published: 18 July, 2010
The Indian market is at a key inflexion point.The minor market view remains up but topping, meanwhile a break on subminor at key 5,360 levels would further confirm at least short-term negativity. Further downmove should confirm whether this week’s high was the minor top or not. Indian Nifty VIX is at all time low. Broad [...]
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Alpha.India – ITC up 13%

By Orpheus | Published: 11 July, 2010
The Nifty weekly Evening Star formations continue to hold and suggest that the market view remains “Up but Topping”.  Though prices have broken out of the sideways action and suggest further upside, we continue to look at the current formation as a completing w-x-y-x-z corrective which could take prices to previous highs or marginally higher. [...]
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Alpha.India – LOSO vs. Pairs

By Orpheus | Published: 6 July, 2010
Our latest pair tracker has four running pairs, all running positive performances. We closed our Tisco – Hindalco at a 6% gain. The long only – short only tracker carries 8 negative and 8 positive signals. The numeric ranking filtering suggests Tata Motors as the best negative stock and Reliance as the best positive. Our [...]
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Alpha.India – Ongoing Maruti outperformance

By Orpheus | Published: 4 July, 2010
We anticipated Maruti’s outperformance more than a month back, when it was at the bottom of rankings. The stock outperformed Nifty and SBI by 10% and 14% respectively, as illustrated in the above pair tracker. The price structure still looks positive as it broke the minor trend channel resistances and seems to be heading to [...]
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Alpha.India: SBI – Maruti up 11%

By Orpheus | Published: 27 June, 2010
Maruti’s outperformance continues as anticipated. The SBI – Maruti and Nifty – Maruti pairs are up 11% and 8% respectively. SBI’s underperformance seems to be starting, as the performance cycles turns negative. The SBI – HDFC and Nifty – SBI pairs are up 2% and 4% respectively. We are expecting fresh signals in the case [...]
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