CHANNELS.INDIA – MONTHLY MOVING AVERAGE SPECIAL
CHANNELS.INDIA.100709
MONTHLY MOVING AVERAGE SPECIAL
SUMMARY: OIL AND NATURAL GAS MONTHLY (ONGC) Moving average crossover is negative. Key levels lie at psychological 1,000. RELIANCE ENERGY MONTHLY (RLIN) Moving average crossover is still negative. Key levels lie at psychological 1,000. AMBUJA MONTHLY (ABUJ) Moving average crossover is still negative. Key levels lie at psychological 90. HINDALCO MONTHLY (HALC) Prices turned back from key resistance levels near 100. Moving average crossover is still negative. ACC MONTHLY (ACC) Prices turned back from 0.618 key FIB levels at 950. Moving average crossover is still negative. NTPC MONTHLY (NTPC) Moving average crossover is negative. Below key 170 levels we get more negative confirmation. RANBAXY MONTHLY (RANB) Prices continued to hold key resistance levels at 315. Moving average crossover is negative. TISCO MONTHLY (TISC) Prices turned back from key resistances near 530 levels. Moving average crossover is negative. CIPLA MONTHLY (CIPL) Moving average crossover is still positive. Key resistance levels lie at 270. ITC MONTHLY (ITC) Prices continued to hold below previous high levels. Moving average crossover 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