- GoalTeller
- Posts
- The big support I Tech on decline I India Data Centre Stocks
The big support I Tech on decline I India Data Centre Stocks
Weekly Insights and Impact


• The Indian markets capitulated last week under the pressure of the additional tariffs, signalling the possibility of trade talks again breaking down.
• IT companies' stocks continue to slide as companies like TCS have broken long-term support levels, while others like Infy remain precariously poised.
• The Nifty and Nifty 500 both are at crucial support levels, and this week will be crucial to see whether these levels can be maintained, failing which markets could slide to even 22k levels.
• The next positive or big negative trigger would come from the festive season - some of which should throw up in Q2 and Q3 earnings - market reports suggest a good festive spend however, final nos will be important to understand the impact of the GST and other measures.
• Aggressive stagger can be done below 24k levels, while at current levels, a 3m stagger should be fine.
• FII's continue to be very bearish as they have sold almost $3 bn in Sep alone.
Dreamfolks - How such instances of new age companies going belly up will be the norm, as will big upsides (Big Winners and Big Losers)
