I shorted on TCS future of August month at 770, shall I keep it or square off now.

I shorted on TCS future of August month at 770, shall I keep it or square off now.

  • Hold

    Votes: 0 0.0%

  • Square Off now

    Votes: 0 0.0%

  • Hold Till August Expiry to get around 800

    Votes: 1 50.0%

  • It will increase further upto 950

    Votes: 1 50.0%
  • Total voters
    2
E

eswar001

New Member
#1
#1
Hi Sir/Madam,

I shorted on TCS future of August month at 770 in this month 13th or 14th. Now it is around 850. I am waiting to buy back around 800 at least, is it probable or it will go further more.

Please give me your suggestion, if possible with analysis.

Regards
Eswar
 
rajeabc

rajeabc

Well-Known Member
#2
#2
Re: I shorted on TCS future of August month at 770, shall I keep it or square off now

I feel there is not upside left in TCS. as most of the TAs suggesting a target of 950 so I don't see it coming down unless market does so. I don't have any position in TCS.
 
rajeabc

rajeabc

Well-Known Member
#3
#3
Re: I shorted on TCS future of August month at 770, shall I keep it or square off now

rajeabc said:
I feel there is not upside left in TCS. as most of the TAs suggesting a target of 950 so I don't see it coming down unless market does so. I don't have any position in TCS.
Click to expand...
There is no weakness in the market as such today . It would not be a good idea keep you short open when every broker house , TAs are giving buy call on TCS with target of 940-950.
 
A

AMITBE

Well-Known Member
#4
#4
Re: I shorted on TCS future of August month at 770, shall I keep it or square off now

sumosanammain said:
WoW! What a strategy! I have a few addresses for you.

The Kanke Mental Asylum, Kanke, Ranchi and
National Institute of Mental Health and Neuro Science (NIMHANS) Bangalore.
Click to expand...
That's pretty bad show I would say. Very provocative and inflammatory.

Perhaps you should say why you don't believe the suggested strategy is a great idea instead of all this provocation. Not surprisingly it has brought about a noxious response from the concerned member.

Both of you, you are giving sufficient cause for suspension or ban. Do be careful.

AMITBE.
 
A

AMITBE

Well-Known Member
#5
#5
Re: I shorted on TCS future of August month at 770, shall I keep it or square off now

shruti_ said:
Well said AMITBE .
@sumosanammain just see from 858 -> 850 ?
Even i wud have greatly appreciated a healthy discussion from u but the way u spoke was very rude and unacceptable to me. And i wud be the first person to be friends :)
Click to expand...
I suppose you have taken note that I also called your response quite noxious.

If you have an issue with someone's response to yours, kindly report that post and action will be taken.

I have deleted both your posts, but be sure this will not be tolerated in future. You will get a ban without notice.

AMITBE.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
Y Axis Bank, TCS and Wipro in overbought zone. Good time to buy Put option? Options 1
Y Axis Bank, Wipro and TCS in overbought zone, should I sell or hold? Position Trading 0
NJ23 Can ETFs be shorted for more than one day in India? Exchange Traded Funds 5
E I shorted on TCS future of August month at 770, shall I keep it or square off now. Futures 1
A How to buy back a shorted put option ? Options 15

Similar threads