CHANNELS.INDIA – NTPC. ANTICIPATED AND HAPPENED

SUMMARY: RELIANCE 60MIN The corrective structure up seems complete. Sub 2,100 levels we continue to look lower. ONGC DAILY Prices continue to move sideways below key resistance levels at 1,300. Weekly ROC non-confirmation suggests an exhaustion soon. TISCO DAILY Prices continue to hold the minor trend channel up. Key resistances lie at the mid channel line. HINDALCO WEEKLY Prices continue to hold 0.618 key FIB levels. RSI also turned back from the overbought zone. GRASIM DAILY As anticipated, prices bounce back from 0.382 FIB levels. AMBUJA WEEKLY Prices pushed lower from key FIB resistances till previous lows at 82 levels. RSI turns back from 30 supports, suggesting a potential bounce back here. ACC DAILY The current structure could develop into an impulse down which should push lower till open gap levels at 640. RANBAXY WEEKLY Prices pushed higher till 0.618 key FIB levels. We should see at least some retracement here. NTPC DAILY ANTICIPATED AND HAPPENED Prices continue to hold key resistance levels at 217 as anticipated.
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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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