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

#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

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

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
Watch out tomorrow as there is a news about it's $700 million deal from UK. Now UK has cap of $100 million so TCS might have renegotiate this deal. SO it might come down tomorrow and then watch from there. Otherwise I don't see any weakness in this stock.