Monday, 30 June 2014

CALL ON TATAPOWER, BHARAT FORG, SYNDICATE BANK FUT FOR 1ST JULY2014 AND QUARTERLY CALL UPDATE

CALL ON TATAPOWER FUT FOR 1ST JULY2014 AND QUARTERLY CALL UPDATE
BUY TATAPOWER FUT AT/ABOVE 106.25 TARGETS 108.25-109.30 SL 104.45
SELL TATAPOWER FUT AT/BELOW 107.90 TARGET 106.05-105 SL 109.80
UPDATE ON TATAPOWER QUARTERLY CALL ISSUED ON 16TH JUNE 2014:
TATAPOWER MADE A LOW OF 98.75 AND BOUNCED FROM THERE TO HIT A HIGH OF 106.80 ON 16TH AND FOLLOWED IT UP WITH A HIGH OF 107.50 ON 17TH AND 107.70 ON 30TH ON WAY TO ITS TARGET OF 115-117.25-120.25-133.
THE CALL WAS:
VIEW ON TATAPOWER FOR THE QUARTER AHEAD:
TATAPOWER HAS GOOD SUPPORTS AT 100.25-95.25 AND RESISTANCES AT 109.25-115.25-117.25-120.25. TATAPOWER CAN BE BOUGHT ON DIPS TO 100.25 – 95.25 AND HELD WITH A STOP LOSS OF 87 FOR TARGETS OF 115-117.25-120.25-133. THIS IS A VIEW OVER THE NEXT 90 DAYS.
CALL ON BHARAT FORG FUT FOR 1ST JULY2014 AND QUARTERLY CALL UPDATE
BUY BHARATFORG FUT AT/ABOVE 623 TARGETS 631.60-636.20 SL 616.75
SELL BHARATFORG FUT AT/BELOW 630.90 TARGET 623-617 SL 637.10
UPDATE ON BHARATFORG QUARTERLY CALL ISSUED ON 16TH JUNE 2014:
BHARATFORG MADE A LOW OF 539.25 AND BOUNCED FROM THERE TO HIT A HIGH OF 601.35 ON 18TH AND ON THE WAY HIT ITS FIRST TARGET OF 586 ON 17TH. ON FRIDAY MORNING WE HAD SAID “THE STOCK PRESENTS GOOD FRESH BUYING OPPORTUNITIES ON DIPS TO 576-564.”. BHARAT FORGE MADE A LOW OF 570.55 ON 20TH AND WENT ON TO REGISTER A HIGH OF 594.80 ON 23RD AND 595.80 ON 24TH. BHARATFORGE HITS A HIGH OF 629 ON 30TH JUNE 2014 THEREBY ACHIEVING TARGET 2 OF 623.
THE CALL ISSUED WAS:
VIEW ON BHARATFORG FOR THE QUARTER AHEAD:
BHARATFORG HAS GOOD SUPPORTS AT 549-526-499 AND RESISTANCES AT 575-586-623 BHARATFORG CAN BE BOUGHT ON DIPS TO 526 AND HELD WITH A STOP LOSS OF 498 FOR TARGETS OF 586-623 THIS IS A VIEW OVER THE NEXT 90 DAYS. WE NOW REVISE OUR FINAL TARGETS TO 675-725

CALL ON SYNDICATBANK FUT FOR 1ST JULY 2014

BUY SYNDICATEBANK FUT AT/ABOVE 172.20 TARGETS 181.75-187 SL 165.60
SELL SYNDICATEBANK FUT AT/BELOW 181.40 TARGETS 171.60-166.40 SL 187.60
UPDATE ON SYNDICATEBANK MONTHLY CALL ISSUED ON 16TH JUNE 2014:
SYNDICATEBANK MADE A LOW OF 147.25 ON 16TH AND BOUNCED BACK SMARTLY TO REGISTER A HIGH OF 164.90 AND IN THE PROCESS HITTING ITS FIRST TARGET OF 163. GOOD SCRIP TO BUY ON DIPS AGAIN TOWARDS 149-144. SYNDICATE HAS MOVED UP SIGNIFICANTLY FROM THE RECENT DIP TO 151.55 ON 20TH. A FRESH BUY WAS RECOMMENDED ON DIPS. THE TARGET OF 163 WAS ACHIEVED AGAIN ON 23RD AND WENT ON TO HIT A HIGH OF 176.40 ON 30TH. TARGET 2 ACHIEVED. TARGET 3 JUST A COUPLE OF POINTS AWAY
THE CALL ISSUED WAS:
VIEW ON SYNDICATEBANK FOR THE MONTH AHEAD: SYNDICATEBANK HAS GOOD SUPPORTS AT 149-144-136 AND RESISTANCES AT 163-168.50-171-177. SYNDICATEBANK CAN BE BOUGHT ON DIPS TO 149-144 AND HELD WITH A STOP LOSS OF 135 FOR TARGETS OF 163-171-177.

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