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SUMMARY: IDEA DAILY (IDEA) We need a clear break above key 62 levels to look for further upside. BHARTI DAILY (BRTI) The current sideways action should end soon as the third leg up unfolds. Key levels lie at 347. MAHANAGAR DAILY (MTNL) Anticipated and happened The third wave up continues to extend higher to key resistance levels at 95. TATA MOTORS DAILY (TAMO) Anticipated and happened Prices bounced back from key supports at previous fourth levels. Above respective levels the subminor trend remains positive. ASHOK DAILY (ASOK) Anticipated and happened Prices are heading to a retest of previous highs at key 56 levels. HAPPENED. Moving average crossover is still positive. LARSEN DAILY (LART) The current structure looks like a corrective which should push lower till key supports at 1,600-1,590 before anything. Performance cycles are still bottoming.

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‘Performance cycles’ is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

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

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