Introduction
Technical Analysis, as a tool for equity research, is now
fast catching up with the imagination of investors in India. As
a subject, Technical Analysis is the study of price patterns and
volumes using historical data for scrips, currency or even a
commodity.
Darashaw has been a pioneer in disseminating quality
Technical Research to Domestic & Foreign Institutional Investors
since 1997. The key features of our approach have been
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Primary use of Technical Research for taking
long-term Investment Decisions rather than for short-term
trading.
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Coverage of Markets that extend beyond local
Indices & stocks and include Dow, NASDAQ and Crude Oil.
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An approach that has often proved itself to be
completely contrary to the General Market Outlook of the
Investment Fraternity.
July 1997
Darashaw gave a pioneering long-term call on India. We said
that there would be a Corrective / Consolidation phase for a few
years and that would then be followed by a Multi-year Secular
bull run. Subsequent Market action has unfolded exactly as
anticipated.
The Technical Research Team circulates its views, on a
regular basis, to our Institutional clients in the form of
Weekly Equity Updates, Fortnightly Market Updates, and detailed
Company Reports.
Core Functions
The Technical Research Team circulates its views, on a
regular basis, to our Institutional clients in the form of
Weekly Equity Updates, Fortnightly Market Updates, and detailed
Company Reports. The Technical Research team also analyses
foreign indices, foreign stocks and specific domestic stocks
when requested by Clients. The team also makes presentations to
Institutional Investors on the overall Market and on specific
stock picks. Darashaw’s Technical Research Team also analyses
the yields of long-term Government of India Bonds thereby
providing insights on the direction of local Interest Rates.
A Future Outlook
The Indian Capital Market has undergone a sea change in the
last few years with a host of new developments such as rolling
settlements, dematerialization, and introduction of Options &
Futures in several Stocks & in the major Indices (BSE Sensex &
NSE NIFTY) etc. Since international markets are very closely
inter-linked, there is the need for research skills that enable
the assimilation & analysis of data across global markets.
Technical Analysis has proven itself as an effective tool for
devising profitable trading strategies across markets &
products. We believe that our expertise in Technical Research
will enable us to capitalize on this need.
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