Tuesday, 17 June 2014

CALL ON TATAPOWER FUT FOR 18TH JUNE 2014 AND UPDATE ON QUARTERLY CALL

BUY TATAPOWER FUT AT/ABOVE 106.30 TARGETS 108.20-119.30 SL 104.40
SELL TATAPOWER FUT AT/BELOW 107.60 TARGET 105.90-104.80 SL 109.85 – LOOKS BULLISH. SELL CALL RISK REWARD NOT RIGHT.
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.

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