CHANNELS.INDIA – Financials – No clear positive signal yet

SUMMARY: DLF DAILY (DLF) Above psychological 400 levels we consider the corrective structure down complete and look for further upside. HDFC DAILY (HDFC) 29 weeks of sideways action. ICICI BANK DAILY (ICBK) Prices continue to hold key supports at psychological 800 levels. HDFC BANK DAILY (HDBK) Prices continued to push higher till key resistances at 1,800 levels. The third wave up should complete near current levels. STATE BANK OF INDIA DAILY (SBI) Prices bounced back from key FIB supports. Above B/2 highs we continue to look higher. INFOSYS DAILY (INFY) Prices continue to hold previous highs at 2,400 levels. We need a clear break here to look any higher.
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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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