TCS:
TCS did not test a low of 1784. Instead it held the 1820 level. 1820 is the new support now. The volatility surely increased a lot, with the stock testing the upper bollinger band and the lower bollinger band too. TCS should move upwards from here. The day was overall bullish because of the opening.
Nifty:
Nifty had a third good day. 5675 was broken. buying 5500 call would have been a better idea. No lows were formed. An expected retracement never occurred, most likely because of the bullish sentiment. The volatility was the same as yesterday's.
TCS did not test a low of 1784. Instead it held the 1820 level. 1820 is the new support now. The volatility surely increased a lot, with the stock testing the upper bollinger band and the lower bollinger band too. TCS should move upwards from here. The day was overall bullish because of the opening.
Nifty:
Nifty had a third good day. 5675 was broken. buying 5500 call would have been a better idea. No lows were formed. An expected retracement never occurred, most likely because of the bullish sentiment. The volatility was the same as yesterday's.
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