MTNL. The C/3 wave up seems complete.
CHANNELS.IND.100609
SUMMARY: IDEA DAILY (IDEA). Although moving average crossover is still positive, KEY REVERSAL bars suggest a weakening structure rather than a strong impulse. BHARTI DAILY (BRTI). Moving average crossover turned negative. Below key 750 levels we get further negative confirmation. MAHANAGAR TELEPHONE NIGAM DAILY (MTNL). The C/3 wave up seems complete. Below psychological 100 levels we get more negative confirmation. TATA COMMUNICATIONS DAILY (TATA). Moving average crossover is negative. A clear break below trend channel supports at 450 levels would confirm our negative view. TATA MOTORS DAILY (TAMO). The five wave structure up is now complete. Key levels to watch lie at psychological 300. ASHOK DAILY (ASOK). Time oscillators point lower till mid July. CROMPTON DAILY (CROM). Moving average crossover is still positive. Key resistance levels lie at 320. BHARAT HEAVY DAILY (BHEL). The current count continues to be valid as long as prices hold previous highs near 2,350. LARSEN DAILY (LART). The five wave structure could be further extending till key 1,650 levels. RELIANCE DAILY (RELI). The current count remains in place as long as prices hold below previous high levels.
CHANNELS.INDIA is our second perspective product published on MONDAY, WEDNESDAY and FRIDAY. The report uses conventional technical tools and covers most top traded stocks. The report illustrates key price levels, price targets, price projections and time turn windows. WAVES.INDIA, CHANNELS.INDIA are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers the other mid cap and small cap stocks also. CHANNELS.INDIA carries the Early Economic cycle sector components, which includes FINANCIAL and DISCRETIONARY sector stocks, the Mid Economics cycles sector which includes INDUSTRIAL sector stocks and the Late Economic Sector cycle including ENERGY, STAPLES, UTILITIES, PHARMA, CHEMICALS sector stocks. REUTERS EARLY ECONOMIC RICS DLF.NS, HDFC.NS, HDBK.NS, ICBK.NS, SBI.NS, INFY.NS, TCS.NS, MAHM.NS, UNTE.NS, TITN.NS REUTERS MID ECONOMIC RICS ASOK.NS, TAMO.NS, CROM.NS, BHEL.NS, LART.NS, MTNL.NS, IDEA.NS, BRTI.NS, RLCM.NS, TATA.NS REUTERS LATE ECONOMIC RICS ONGC.NS, RLIN.NS, NTPC.NS, ACC.NS, HALC.NS, TISC.NS, ABUJ.NS, CIPL.NS, RANB.NS, ITC.NS