Friday, October 7, 2016

WEEKLY ANALYSIS OF TCS FOR 10-14 OCT

“BUY TCS ABOVE 2375 TGT 2400/2450”
“SELL TCS BELOW 2350 TGT 2320/2290”
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Primary trend of the stock is bearish. It is expected to After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 2375 as the stock is managing to sustain above the level of 2375. One may get the targets of 2400,2450 in the stock with the stop loss of 2350. charts, it is likely to show correction with the breach of the support level of 2350, where one may initiate the short position in it for the targets of 2320,2290 while stop loss can be placed at 2390.
Sensex fall for thied straight day; Nifty below 8,700 us jobs data eyed
Sensex ended today’s trading with a loss of 45 points at 28,061. It opened at 28,129, touched an intra-day high of 28,156 and low of 27,965.The Nifty closed with a loss of 12 points at 8,698. It opened at 8,722, hit an intra-day high of 8,724 and low of 8,664. Indian market declined for a third consecutive session today. The domestic market started off on a positive note but then slipped into the red. It then remained in the negative zone throughout most of today’s session and closed with a marginal loss. Technically, For now, Market looks to enter into negative zone, so traders can go short for now. The downfall would be step but would not last long. Nifty Closed below 8700 it will a worry for Indian Stock Market. A strong break (close)below 8700 will increase the downside pressure and drag it to 8500,8400. Traders can go short on a break below 8700 with a stop-loss at 8820 for the target of 8500.On the other hand, a decisive break above 8820 will ease the downside pressure and take the index futures higher to 8900 and 8950 .
TOP GAINERS:  Tata Steel, Tata Motors DVR, Zee, Bajaj Auto, Tata Motors, Tata Power
TOP LOSERS:  Bharti Infratel, Asian Paints, Eicher Motors, HDFC, Infosys and Cipla 

3 comments:

  1. can i trade on your TCS long side call ...????

    ReplyDelete
  2. Tcs is going down from last 3 months but still their is a chance of it's recovery so stay with the share. See updates at epic research site that will give all deep insight of trending shares.

    ReplyDelete