CHANNELS.INDIA – MID ECONOMIC
SUMMARY: BHARTI DAILY (BRTI) Daily KR stands firm. A clear break below key 375 levels would be our first clear negative sign. IDEA DAILY (IDEA) Sub key 85 levels we could see further negativity as prices push lower in the C wave down. MAHAGANAR DAILY (MTNL) We continue to look at this as the third wave of a larger corrective down. Key levels lie at psychological 90. TATA DAILY (TATA) The current formation looks like a sideways consolidation which should resolve lower. ASHOK DAILY (ASOK) Prices break above previous highs. RELIANCE DAILY (RELI) We continue to look at this as a corrective structure which should resolve lower. CROMPTON DAILY (CROM) The sideways action continues. No clear sign of a trend yet. BHARAT HEAVY DAILY (BHEL) Prices continue to move sideways above open gap levels. BLUE STAR DAILY (BLUS) Prices continue to push lower from near key resistances at 400-430 levels. LARSEN DAILY (LART) Prices continue to move in a sideways action.
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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