Infosys. ANTICIPATED AND HAPPENED
CHANNELS.IND.150609
SUMMARY: HOUSING DEVELOPMENT FINANCE CORPORATION DAILY (HDFC): Prices continued to hold previous highs. This looks like a corrective structure which should resolve lower. Key levels lie at 2,200. HDFC BANK DAILY (HDBK): Prices are at key resistance levels near 1,600. KEY REVERSAL bar suggests a topping here, but we would still be cautios as moving average crossover is still positive. ICICI BANK DAILY (ICBK): Prices continued to hold key resistance levels at 780. We should see some retracement anytime now. STATE BANK OF INDIA DAILY (SBI): Prices continued to push lower after completing the C/3 wave up at key 1,920 levels. We continue to look lower. Key levels lie at 1,530. INFOSYS DAILY (INFY): ANTICIPATED AND HAPPENED As anticipated, prices turned back from key resistance levels at 1,890. Moving average crossover is still positive, so we are not ruling out another retest of respective levels. TATA CONSULTANCY SERVICES WEEKLY (TCS): Key resistance levels lie at psychological 800. MAHINDRA DAILY (MAHM): Moving average crossover is still positive. Key resistance levels lie at 870. UNITECH DAILY (UNTE): Moving average crossover is still positive, so another retest of previous high levels at psychological 100 is not out of the question. TITAN INDUSTRIES DAILY (TITN): Non-confirming momentum continues to suggest that the current upmove cannot be sustained for long.
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