No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 26, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

TCS results: Technical setup signals near-term pain, but momentum may return next week: Rahul Sharma

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 4 mins read
A A
TCS results: Technical setup signals near-term pain, but momentum may return next week: Rahul Sharma
Share on FacebookShare on TwitterShare on LInkedIn


“So, from a derivative standpoint, 25,000 is a crucial support, whereas from a technical perspective 25,200 is something where we are expecting markets to take support and once we have some positive development on the upside, the moment we cross 25,550, 25,600 that is when fresh momentum can also come back. So, at this point in time, it is not really heading anywhere in a big way. We expect the downward grind to continue but once probably we are done with the correction, probably next week onwards we could see momentum coming back into the market,” says Rahul Sharma, JM Financial Services.

We start with the indices first and at present it is a downtrend both in benchmarks as well as the broader markets.Rahul Sharma: Market is the greatest teacher of all and today is one of those sessions where essentially the markets have been lacklustre. We have seen many days of range bound movement happening. We have seen drop in volumes in a significant way especially in the index futures which is Nifty futures I am talking about.

So, finally, this grind is eventually seeing itself into a small correction of sorts. So, we expect this downward slide to probably progress towards 25,200, 25,150 max to max and on a closing basis 25,000 should be a very strong support like given the kind of put writing that we have seen at the very beginning of this July series.

So, from a derivative standpoint, 25,000 is a crucial support, whereas from a technical perspective 25,200 is something where we are expecting markets to take support and once we have some positive development on the upside, the moment we cross 25,550, 25,600 that is when fresh momentum can also come back. So, at this point in time, it is not really heading anywhere in a big way. We expect the downward grind to continue but once probably we are done with the correction, probably next week onwards we could see momentum coming back into the market.

Live Events

I want to ask you about the IT sector. Today TCS results are also there and two out of four days it has been down only, continuing the downfall today as well. What is your expectation? How should one take position in IT sector?Rahul Sharma: Yes, so the good thing entering into the result is the expectations are very low. So, the markets are not really expecting any fireworks from the results space given the kind of uncertainty we have had in the US economy, given the kind of AI challenges that our companies that have faced. So, the expectations are pretty low. In case there is any positive surprise from the numbers, especially from TCS, that could stabilise the IT index as such but even if it happens, it could be short-lived and overall the technical setup of the IT index is not really comforting at this point in time. And in case the numbers tend to be lower than expectations, that could mean the IT index could take a cut of around 2% to 3% in the short term. So, the outlook on the IT index continues to be cautious. Whether it is TCS or any of the other IT names, it is prudent to see the results through and then probably take a decisive position in the same, pre-emptive is something that we are not advising clients at this point in time.Also, want your views on the banks and financials because if we have a look at the credit growth scenarios, the deposit growth scenarios, and even before the results coming in for the banks and financials, the quarterly updates are showing signs and signals of positivity. Is it the same expectation from your end as well because banks and financials we consider it as the backbone of the economy and all the eyes will be on the results for the same.Rahul Sharma: Yes, absolutely bang on. In fact, it is banks and financials which have led this market turnaround that we had a few a couple of months back and in this quarter also we are expecting the numbers to be relatively good and that is exactly the reason why Bank Nifty is not seeing the kind of weakness that would have otherwise happened given the kind of market texture that we have at this point in time.

So, banking and financials continue to outperform and once we have more clarity on the numbers, that would be a fresh trigger for the banking and financial space to go higher. Having said that, one of our recommendations today is from the financial services space. So, Jio Finance in particular looks good for a trading buy at this point in time. One can look to buy for a short-term target of Rs 350 on the upside, stop loss placed at 320.

The stock is defying gravity over the last few sessions and has held on well technically, the RSI remains in a strong 70 plus zone. Overall, we expect the stock to do well. So, from the financial space Jio Finance looks to be our top pick at this point in time and one can look to buy for a trading outcome on the same.



Source link

Tags: momentumneartermPainRahulresultsreturnSetupSharmaSignalsTCStechnicalweek
ShareTweetShare
Previous Post

Intel Kiryat Gat expansion frozen for foreseeable future

Next Post

Shekel at strongest against dollar since April 2022

Related Posts

edit post
Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

by TheAdviserMagazine
October 26, 2025
0

Kamala Harris isn’t ruling out another run for the White House. In an interview with the BBC posted Saturday, Harris said she expects...

edit post
‘Protect Yourself From Me Entirely’ — Pregnant Fiancée Says 0K-A-Year Partner’s Prenup Makes Her ‘Legally And Financially Easy To Discard’

‘Protect Yourself From Me Entirely’ — Pregnant Fiancée Says $800K-A-Year Partner’s Prenup Makes Her ‘Legally And Financially Easy To Discard’

by TheAdviserMagazine
October 26, 2025
0

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A pregnant 33-year-old...

edit post
How Montenegro became the world’s fastest-growing hub for millionaires

How Montenegro became the world’s fastest-growing hub for millionaires

by TheAdviserMagazine
October 26, 2025
0

Nestled between the blue-watered Adriatic Sea and the towering Dinaric Alps, Montenegro has experienced a 124% increase in the number...

edit post
Partnership with Paramount boosts Taboola

Partnership with Paramount boosts Taboola

by TheAdviserMagazine
October 26, 2025
0

Taboola (Nasdaq: TBLA), which provides performance-based content recommendations and advertising, rose by a cumulative 8.4% on Thursday and Friday...

edit post
Gilat Satellite Networks hits four-year peak

Gilat Satellite Networks hits four-year peak

by TheAdviserMagazine
October 26, 2025
0

The company's stock price has doubled in less than three months. Gilat Satellite Networks (TASE: GILT; Nasdaq:...

edit post
Did Radhakishan Damani dump Trent? Inside the retail king’s mysterious exit from Tata’s hottest stock

Did Radhakishan Damani dump Trent? Inside the retail king’s mysterious exit from Tata’s hottest stock

by TheAdviserMagazine
October 26, 2025
0

India’s low-profile billionaire and retail king, Radhakishan Damani, appears to have exited his decade-old stake in Tata Group’s retail powerhouse,...

Next Post
edit post
Shekel at strongest against dollar since April 2022

Shekel at strongest against dollar since April 2022

edit post
FTSE 100, DAX Forecast: 2 Top Trades to Watch

FTSE 100, DAX Forecast: 2 Top Trades to Watch

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
9 Websites Where You Can Learn New Skills for Free

9 Websites Where You Can Learn New Skills for Free

0
edit post
Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

0
edit post
High Dividend 50: Chimera Investment Corporation

High Dividend 50: Chimera Investment Corporation

0
edit post
The Sunday Morning Movie Presents: Peppermint Soda (1977) Run Time: 1H 40M Bonus: Original Poetry!

The Sunday Morning Movie Presents: Peppermint Soda (1977) Run Time: 1H 40M Bonus: Original Poetry!

0
edit post
Decentralized exchanges surpass  trillion monthly volume as volatility spikes

Decentralized exchanges surpass $1 trillion monthly volume as volatility spikes

0
edit post
How to File a Claim Against an Insurance Company for Emotional Distress

How to File a Claim Against an Insurance Company for Emotional Distress

0
edit post
Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’

October 26, 2025
edit post
‘Protect Yourself From Me Entirely’ — Pregnant Fiancée Says 0K-A-Year Partner’s Prenup Makes Her ‘Legally And Financially Easy To Discard’

‘Protect Yourself From Me Entirely’ — Pregnant Fiancée Says $800K-A-Year Partner’s Prenup Makes Her ‘Legally And Financially Easy To Discard’

October 26, 2025
edit post
Decentralized exchanges surpass  trillion monthly volume as volatility spikes

Decentralized exchanges surpass $1 trillion monthly volume as volatility spikes

October 26, 2025
edit post
How Montenegro became the world’s fastest-growing hub for millionaires

How Montenegro became the world’s fastest-growing hub for millionaires

October 26, 2025
edit post
Less than 24 hours until Disrupt 2025 — and ticket rates rise

Less than 24 hours until Disrupt 2025 — and ticket rates rise

October 26, 2025
edit post
Partnership with Paramount boosts Taboola

Partnership with Paramount boosts Taboola

October 26, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Kamala Harris expects a woman to be president, and says it could ‘possibly’ be her — ‘I’m not done’
  • ‘Protect Yourself From Me Entirely’ — Pregnant Fiancée Says $800K-A-Year Partner’s Prenup Makes Her ‘Legally And Financially Easy To Discard’
  • Decentralized exchanges surpass $1 trillion monthly volume as volatility spikes
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.