CHANNELS.INDIA – EARLY ECONOMIC UPDATE
CHANNELS.IND.010609
SUMMARY: HOUSING DEVELOPMENT FINANCE CORPORATION WEEKLY (HDFC): Key resistance levels lie at 2,600. Prices continue to hold above weekly open gap levels. HDFC BANK WEEKLY (HDBK): Prices continue to hold below key resistance levels at 1,600. Moving average crossover is still positive. ICICI BANK DAILY (ICBK): ANTICIPATED AND HAPPENED The c/iii wave up seems to be completing near key resistance levels at 780. STATE BANK OF INDIA DAILY (SBI): Prices seem to be heading to key resistance levels at 1,920. We expect the C/3 wave up to complete near respective levels. INFOSYS WEEKLY (INFY): Moving average crossover is still positive. Key resistance levels lie at 1,890. TATA CONSULTANCY SERVICES WEEKLY (TCS): Moving average crossover is still positive. Key resistance levels lie near psychological 700. MAHINDRA WEEKLY (MAHM): Key resistance levels lie at psychological 700. UNITECH WEEKLY (UNTE): Key levels lie at psychological 80. TITAN INDUSTRIES WEEKLY (TITN): Moving average crossover has turned positive.
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