Reliance. ANTICIPATED AND HAPPENED
CHANNELS.INDIA.010709
SUMMARY: IDEA DAILY (IDEA). Moving average crossover is negative. Key levels lie at psychological 70. BHARTI DAILY (BRTI). Prices continued to push lower after DARK CLOUD COVER formation. Below key 770 levels we get more negative confirmation. MAHANAGAR TELEPHONE NIGAM DAILY (MTNL). We still need a clear break below key 95 levels to continue to look lower. TATA COMMUNICATIONS DAILY (TATA). Prices continue to hold key supports near 450. Moving average crossover is still negative. TATA MOTORS DAILY (TAMO). ANTICIPATED AND HAPPENED Prices breached psychological 300 levels. We continue to look lower. ASHOK DAILY (ASOK). Time cycles and the negative moving average crossover continue to point lower. CROMPTON DAILY (CROM). Moving average crossover is negative. Below key 260 levels we get more negative confirmation. BHARAT HEAVY DAILY (BHEL). Moving average crossover is negative. Key levels lie at psychological 2,000. RELIANCE DAILY (RELI). ANTICIPATED AND HAPPENED Prices pushed lower in the corrective structure as anticipated.
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