"BUY TCS FUTURE 3045 TGT 3060/3075 sl 3032"
Today market has had a perfect start 2021 as it managed to close in the green for
the second straight session in the new calendar. Both Sensex and Nifty ended
the session at record closing highs. At close, the Sensex was up 307 points
at 48176, and the Nifty was up 114 points at 14132."Every dip is being considered by the
traders as an opportunity to buy" But today leader was IT stocks which were boosted by the
hope of a strong quarterly result, which will start soon. TCS results scheduled on January 8.TCS share price
crossed Rs 3000 mark to hit a new 52-week high of Rs 3043 The share price
gained more than 3 % & is among the
top gainers. IT services companies will post robust quarter led by a strong
recovery in key verticals. It expects consensus to revise their revenue growth
estimates, as deal wins across the pack are very strong and European geography
will outperform in coming quarters.
Market is likely to give some corrections in between, which would be a healthy
sign. For the coming week, we expect the Nifty to slowly and gradually head
towards 14150-14200; whereas the key support zone is placed at 13950-13850 levels.
This week, although there was some muted action seen in key indices, the
broader market just took off in the last couple of days. Hence, the real action
lies in the broader end of the spectrum, which may continue to provide better
trading opportunities.
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