CHANNELS.INDIA – EARLY ECONOMIC CONTINUES TO SHOW EXHAUSTION

SUMMARY: DLF DAILY (DLF) This could be the beginning of a larger corrective structure down. Sub key 330 levels we should get more negative confirmation. HDFC WEEKLY (HDFC) 26 weeks of sideways action. ROC continues to hold above 0 supports. ICICI BANK WEEKLY (ICBK) Prices continue to hold 0.618 key FIB levels at psychological 1,000. HDFC BANK DAILY (HDBK) Prices seem to be completing the minor impulse up. Key resistance levels lie at 1,750-1,800. STATE BANK OF INDIA WEEKLY (SBI) Prices continue to hold below weekly KR levels. INFOSYS MONTHLY (INFY) Prices continue to hold previous high levels near key 2,400. TATA CONSULTING SERVICES MONTHLY (TCS) Psychological 700 levels are an important resistance for TCS (multiannual highs). MAHINDRA MONTHLY (MAHM) Prices break 2007 highs. RSI over 70 suggests an overbought situation. UNITECH DAILY (UNTE) ANTICIPATED AND HAPPENED We need a clear break sub key 75 levels to continue to look lower.
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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
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