indiamarketoutlook

TCS: A contra trade idea

Short
NSE:TCS   TATA CONSULTANCY S
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




Comment:
No trade today as it did not come in the range...

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