Mahindra. ANTICIPATED AND HAPPENED
CHANNELS.INDIA.220609
SUMMARY: DLF DAILY (DLF): Moving average crossover is negative. Below key 310 levels we get more negative confirmation. HOUSING DEVELOPMENT FINANCE CORPORATION DAILY (HDFC): Prices continue to move in a corrective structure. We still need a clear break below key 2,200 levels for more negative confirmation. HDFC BANK DAILY (HDBK): Momentum non-confirmation continues to suggest an exhaustion here. Key resistance levels at 1,570 should hold. ICICI BANK DAILY (ICBK): Prices pushed lower from key resistances. Below key 630 levels we get more negative confirmation. STATE BANK OF INDIA DAILY (SBI): Moving average crossover turned negative. Below key levels at 1,530 we get more negative confirmation. INFOSYS DAILY (INFY): Prices continued to hold previous high levels. KEY REVERSAL bars suggest further downmove from here. MAHINDRA DAILY (MAHM): ANTICIPATED AND HAPPENED As anticipated, prices turned back from key resistance levels near 870. UNITECH DAILY (UNTE): Moving average crossover is ready to turn negative. Prices breached key levels at psychological 80. TITAN INDUSTRIES DAILY (TITN): Non-confirming momentum continues to point lower from here.
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