Telecommunications worst performers

Reliance Comm Daily. The structure looks like a completed (A)-(B)-(C) correction down. Prices broke previous 4 resistances and look ready to retrace higher. Above mid channel resistances near 88 levels we should get further positive confirmation.
Bharti Airtel Weekly. The intermediate structure looks like an ongoing overlapping ending diagonal in a (C) wave. Key confluence resistances lie at 2009 highs near 480-520 levels.

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Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.