The Unit Trust of India, after a six-month trial, has recently acquired the package for its in-house use, says Sahijwala. The package that is currently available uses the 10-year historical data for 150 stocks that will form the group A on the Bombay Stock Exchange from September 14. To compare the daily as well as the historical performance with respect to the general market performance, the software includes historical data of the two leading indices -- BSE Sensex and NSE's S&P CNX Nifty.

Startstar has been developed with the help of the western system of `trend following' theories oftechnical analysis. During the process of development, more than 18,600 mathematical computations were incorporated into the package. Priced at Rs 9.75 lakh, the software is primarily aimed at aiding the decision making process for large funds, FIIs and the traders.

Apart from its capacity to identify primary trends, the package can also indicate market cycles and automatically generate the trading signals in the form of `buy' or `sell'.

Startstar is different from other technical software packages available in the market, according to the company, as other packages used for technical analysis need an interpretation by an analyst. But Startstar has been programmed to self-interpret and give the final signal for action. In addition, the package's query report format allows an analyst to individually research profitability patterns using a particular stock's historical buy/sell report.

Besides, yearly performance formats, including comparison with market behaviour, number of whipsaws (where a `buy'signal abruptly changes to a `sell' signal or vice versa) net return per trade executed by following the package's signal and portfolio performance can also be analysed.

Apart from the Startstar `Fund Wizard' for the mutual funds, there is one tailored for the traders - named `Genius Trader' based on the BSE Sensex's 30 scrips. The company is currently developing its currency, bullion and commodity trading versions.