TCS Futures Sell Call
Stock Market Analyst Deepak Mohoni has suggested the investors to sell TCS futures if the contracts are trading below Rs 959 after 3 pm. The Stock may see more weakness if the closing is lower than these levels.
Technology stocks have not been performing in recent two months. Most of the technology companies having overseas earnings are facing tough times due to weakness in US dollar. US Dollar is expected to stay weak in coming years and this is having a direct impact on the topline of Technology companies.
Infosys, Satyam, Wipro and TCS are having less investor interest as the expectations from these companies are lower in coming quarters. If the investors are looking at a period of 1 – 2 years, then an investment at lower levels can prove to be very profitable. There are many stocks which are fundamentally very strong in technology space.
