CALL ON TATAPOWER, BHARATFORG, APOLLOTYRES FUT FOR 23RD JUNE 2014 AND QUARTERLY CALL UPDATE

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 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.

BUY BHARATFORG FUT AT/ABOVE 577.50 TARGETS 586-592 SL 570.50
SELL BHARATFORG FUT AT/BELOW 586 TARGET 576.65-571.50 SL 593

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 589.20 INTRA DAY.

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

BUY APOLLOTYRES FUT AT/ABOVE 191.65 TARGETS 195.15-197.20 SL 188.55
SELL APOLLOTYRES FUT AT/BELOW 194.60 TARGETS 191.10-189.15 SL 197.70

UPDATE ON APOLLO TYRES QUARTERLY CALL ISSUED ON 16TH JUNE 2014:

APOLLO TYRES MADE A LOW OF 192.20 ON 16TH AND BOUNCED FROM THERE TO HIT A HIGH OF 207.90 ON 18TH. APOLLO RETRACED SHARPLY AND NOW PRESENTS GOOD BUYING OPPORTUNITIES BETWEEN 191-184.

THE CALL ISSUED WAS:

VIEW ON APOLLOTYRES FOR THE QUARTER AHEAD:

 APOLLOTYRES HAS GOOD SUPPORTS AT 196-193-184 AND RESISTANCES AT 209-224-254. APOLLOTYRES CAN BE BOUGHT ON DIPS TO 197-191 AND HELD WITH A STOP LOSS OF 181 FOR TARGETS OF 224-254. THIS IS A VIEW OVER THE NEXT 90 DAYS.