Whereas on 06th Dec it closed below 700 so break out did't happened. But from there,fall started, it came down to 567 on 30th Jan. and from there, it is moving up and up to last Wednesday it made high 734 and closed at 707.
Now What Next ? Resistance 730--750 But above that upside target 845--875 and afterwards Ultimate Upside Target 945--965
The below said promise was given to our 2014 MTL & DTL subscribers (Which, the subscription, was already closed on 31stDec. 2013 itself):
“Apart from the MTL & DTL subscription service, For the year 2014, we are going to give few positional calls and few F&O Option strategy exclusively for 2014 subscribers (this is because repeated request from our existing subscribers and mailers) and hope, one call itself, with investment of 5 digit figures, can fetch more than the fee paid by 2014 subscribers. So other things are extra for the whole year 2014.”
As promised, After Jan. 2014 Bharatforge Call, we sent one more mail on 02nd Feb.2014, our second positional call, to our subscribers and the following is the details:
TATASPONGE (364) -
Buy Around 365--345Upside Target 405--425 (stop below 345 on closing basis) ******* After this mail, on 04th Feb. it made low 346 (Please note it, exactly 346) and after 12 days, today it attacked the mentioned upside…
NF (6005) - Now resistance 6030-6060 Below that down side target and support 5950-5920 But below that next in down side 5810-5780 In case trade and stays above 6030-6060then, already mentioned, next upside resist of 6145-6175 remain same.
NIITECH (419) - In the last four months it moved up from 278 to 421 So now Face Hurdle 427-437 and Last hurdle 462-472 In case if it cross and close above the mentioned both hurdles, then it become support and ready for mega up move. Target 806-816
AXISBANK (1125) - Posted on 05th Feb support 1115-1090, as posted it holding this mentioned support in the last 7 days (it made lowest low 1098.55 on 06th Feb). now what next ? so support remain same at 1115-1090 above that upside target 1220-1240 in between resist at 1170-1180 *** Latest News : The government is set
to sell its stake in Axis Bank , which forms part of the SUUTI
portfolio. Government will sell about 10.3 percent stake on February 14
via a block deal.
In fact bankers are in the process of talking to high networth
individuals (HNIs) as well as Qualified Institutional Buyer (QIB) for
participation in the stake sale.
According to sources, The government has also prepared a negative list
of investors who will not be able to participate in the block deal .
This means the final investors that come in will be after finance
The government approved Axis’ proposal to raise its Foreign Investment
limit to 62 percent from 49 percent. This move was a…
MCLEODRUSS (259) - After a non stop fall from 330, yesterday arrested at 247 level and seems it find time being bottom. so here after Close below 245 only next weakness otherwise expect pull back from here. *** Now support 250-245 above that first upside target 272-277 and above that 295-300 *** But here after close below 245 next in down side 218-206