CHANNELS.INDIA LATE ECONOMIC UPDATE

CHANNELS.IND.290509

SUMMARY: OIL AND NATURAL GAS WEEKLY (ONGC): Prices are at key resistance levels near 1,125. RELIANCE ENERGY WEEKLY (RLIN): Key resistance levels lie at psychological 1,500. AMBUJA DAILY (ABUJ): Moving average crossover is positive. Key resistance levels lie at psychological 100. ACC DAILY (ACC): ANTICIPATED AND HAPPENED. Daily KEY REVERSAL bar suggests further retracement. Below key 730 levels we get more negative confirmation. HAPPENED. HINDALCO WEEKLY (HALC): Moving average crossover is still positive. Key resistance levels lie at 94. TISCO DAILY (TISC): Non-conforming RSI continues to suggest an exhausting upmove. Key resistance levels lie at 420-480. RANBAXY DAILY (RANB): ANTICIPATED AND HAPPENED. Prices pushed higher in the C/3 wave up till key resistance levels at 283. ITC DAILY (ITC): The DOUBLE TOP pattern is till valid. Below key 182 levels we get more negative confirmation.

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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