Big Picture:
- No escalation in US-Iran war (but continues to be an overhang)
- TCS came out with decent (good?) earnings
- Will this be the end of the suffering for the IT companies and their investors?
- Let’s see
Positional
- 24000-500 seems to be the new congestion zone
- Great earnings can revive the outlook of the market
- Poor earnings will continue the misery
Intraday
- A lot of positive cues lined up today
- Will watch TCS - if it makes a massive move, we are in for a good day
- Other IT stocks might also move up in anticipation
- If the market had to move up, today would be the day
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