TCS: A contra trade idea
Updated
TCS
CMP 1945.60
SGX Nifty is showing a bumper opening. This may not be an easy one. Will require some patience to initiate a trade.
Scenario 1
After initial opening, observe if price gets rejected at 1985 / 2005 level.
If we see rejection only then look to sell for target of 1930 / 1921
Scenario 2
If TCS trades above those levels then next level to sell could be around 2077 odd levels.
Be patient with this one. Will update in market hours
CMP 1945.60
SGX Nifty is showing a bumper opening. This may not be an easy one. Will require some patience to initiate a trade.
Scenario 1
After initial opening, observe if price gets rejected at 1985 / 2005 level.
If we see rejection only then look to sell for target of 1930 / 1921
Scenario 2
If TCS trades above those levels then next level to sell could be around 2077 odd levels.
Be patient with this one. Will update in market hours
Note
No trade today as it did not come in the range...
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