CHANNELS.INDIA – EARLY ECONOMIC MINOR CORRECTIVES

SUMMARY: DLF DAILY (DLF) The current structure still looks like lacking a pending third leg down. Key levels lie at 330. HDFC DAILY (HDFC) Prices continue to move in a sideways structure. RSI heads to 70 resistances. ICICI BANK WEEKLY (ICBK) The current structure looks like a W-X-Y corrective down. First targets lie at psychological 800 levels. HDFC BANK DAILY (HDBK) The minor impulse up seems to be heading to key resistance levels near psychological 1,800. STATE BANK OF INDIA DAILY (SBI) Prices seem to be in the C/3 wave down. Sub key levels at 2,120 we should get more negative confirmation. INFOSYS WEEKLY (INFY) Prices seem to be pushing higher to complete the intermediate impulse up. Key resistance levels lie at 2,400-2,500. TATA CONSULTING SERVICES DAILY (TCS) Prices are completing the impulsive structure up. RSI over 70 suggests an exhaustion soon. MAHINDRA WEEKLY (MAHM) Prices are at historical highs. RSI over 70 suggests an overbought situation. UNITECH DAILY (UNTE) We could see another leg up till key resistances at 95 levels before anything. TITAN INDUSTRIES DAILY (TITN) Prices seem to be in a corrective structure down. Sub key levels at 1,250 we should get more negative confirmation.
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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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