Orpheus INDIA Research - Established in 1875, the Bombay Stock Exchange has nearly 5000 listed companies. Another leading exchange, the National stock exchange trades on an average 2 million derivatives contracts per day. The total trading volume of the Indian market is around 10 billion Euros a day. This makes it one of the top traded markets in the world. The blue chip top 30 Index has a market capitalization at nearly 0.35 trillion Euros. Indian market space is not only important owing to its size but also because of the emerging growth it offers. We at Orpheus study Indian market closely. And apart from Equity also study the Indian Rupee, bonds and commodities.
We publish Orpheus INDIA Research on Reuters Knowledge, Thompson ONE platforms and Yahoo Finance. The coverage includes all sector and sub sectors Indices and BSE 500 stocks.
Alpha is a pair trading, long only – short only strategy and Numeric Ranking product based on TIME fractals. Time arbitrage, Time Triads, Time fractals are terms coined by Orpheus Research. The signals are carried over three different time frames viz. sub minor (2-3 days), minor (10-30 days) and intermediate (above 30 days). This is a daily signal product. The signals will be 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. This is a part of the time triads analytics developed by Orpheus Research.
Time Arbitrage portfolio has 18 pairs CNXIT-NIFTY, RELIANCE-NIFTY, TCS-NIFTY, ONGC-NIFTY, INFOSYS-CNXIT, ONGC-RELIANCE, HDBK-ICBK, BHEL-ACC, GRAS-LNT, HLL-ITC, SBI-HDFC, NIFTY-STERLITE, NIFTY-HDBK, SBI-NIFTY, BHEL-NIFTY, NIFTY-ACC, TCS-CNXIT and SBI-HDBK. Minor degree averaged 10-30 days and intermediate degree trade averages above 30 days. The legs should be risk weighted before any implementation. We are assuming a running stop loss of 4% per traded pair. CNXIT/INFOSYS +A-B means LONG CNXIT, SHORT INFOSYS. While CNXIT/INFOSYS –A+B means SHORT CNXIT, LONG INFOSYS.
Coverage NIFTY 50 STOCKS and all Indian Indices
STOP LOSS AND EXITS are activated at 4%
Performance Cycles is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves in a range say from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will 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.
*This is a strategy product. Long Short strategies are not riskless strategies. Please mail us for a detailed working or consult a local financial risk manager to execute these pairs. For more details please subscribe to the ORPHEUS TIME ANALYTICS research products.
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TICKS.INDIA covers Nifty, Cnxit, Sensex, Nsebank, Bse Metals, top blue chips and their futures on an Intra day basis. The reports are published through a self refreshing webpage. The service starting 09:00 HRS (IST). Since TICKS.INDIA is a web based service it is only available through the Orpheus Site.
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You can access the other Orpheus INDIA Research reports from the following links.
ORPHEUS RESEARCH AT REUTERS - UNITED KINGDOM COMMERCE.UK.REUTERS.COM
ORPHEUS RESEARCH AT REUTERS - USA COMMERCE.US.REUTERS.COM
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