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Alpha India LE - Late Economic Shorts
Orpheus Capitals, May 2011, Pages: 8
Late Economic shorts
Today we are carrying our filtered list of the top Late Economic stocks as potential short opportunities. The stocks from this list are all above 70% rankings on both weekly and daily Jiseki. After using the mentioned filter, we were left with 8 stocks (Jindal Steel, Lupin, Tisco, Sesa Goa, Asian Paints, Dr Reddy, JSW Steel and Torrent Power) and 2 indices (BSE Healthcare and BSE Metals). Today’s Alpha India report also carries technical and relative performance cases on two of the stocks from the list, JSW Steel and Lupin. We compared the stocks with their sector and came to the conclusion that both of them have been outperforming their sector peers for several months now. This makes them top potential underperformers even compared to the respective sectors. The market bias remains negative as NIFTY seems to be heading towards our anticipated confluence supports at 5,440-5,400 levels
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