CHANNELS.INDIA EARLY ECONOMIC UPDATE
CHANNELS.IND.250509
SUMMARY: HOUSING DEVELOPMENT FINANCE CORPORATION WEEKLY (HDFC): Key resistance levels lie at 2,600. Weekly gap also suggests that any upmove should be shortlived. HDFC BANK WEEKLY (HDBK): Moving average crossover is still positive. Key resistance levels lie at 1,600. ICICI BANK DAILY (ICBK): ANTICIPATED AND HAPPENED The c/iii wave up seems complete. Below psychological 600 levels we get more negative confirmation. STATE BANK OF INDIA WEEKLY (SBI): Prices are at 0.618 key FIB levels near psychological 1,800. Weekly gap suggests an extreme impulse which cannot be sustained for long. INFOSYS DAILY (INFY): Our anticipated TRENDLINE BREAK on RSI is here. Prices turned back from key resistance levels at 1,770. Below key 1,500 levels we get more negative confirmation. TATA CONSULTANCY SERVICES DAILY (TCS): KEY REVERSAL bar and non-confirming RSI suggest further negativity. MAHINDRA WEEKLY (MAHM): Moving average crossover is still positive. Key resistance levels lie at psychological 700. UNITECH DAILY (UNTE): Non-confirming RSI suggests that the current upmove is exhausting. Key resistance levels lie at psychological 80. TITAN INDUSTRIES WEEKLY (TITN): Moving average crossover is still negative.
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