Will TCS Results Save Indian Market from Falling?

Good TCS results will try to pull up the market but balance stocks will be dragging.

We had a sharp recovery from the lows but it does not mean we are out of problems and markets will continue to go up. It won't happen like that. There are multiple technical factors which are pulling the bulls.

 Remember to check our Bank Nifty option tips and make money on a daily basis.

The entire price  band of 17250 to 17450 is a resistance zone. It is also no trade zone. The real trade will happen below 17050 or above 17450. Till the time it is zig zag moves within the range.

The other way to look at it is from the point on consolidation.  Index is trying to consolidate in this 400 point  range which is good from the long term view.

Nifty. The range is explained clearly but resistance levels are 17250 and 17350. Support is placed at 17050 and 16950.

BankNifty. The trade is simple. Range is 38500 and 39500. It should spend the day in this range.

Derivative. Data is tug of war. FII and DII are both short but on the other side PRO and Retail traders are heavily long. Someone will be trapped. Need to wait to see who looses the fight.

Range to weak trading day expected.