S2EP65 | The Streak Broke On IT. 24,000 Held. Now The Gap-Up | 22nd June Monday
The Tanmay Edge | India's pre-market edge, every trading day... by Tanmay Kurtkoti
Episode notes
Five green days ended Friday — and it broke on IT alone, not the whole market. Infosys fell almost 7 percent after a global consulting giant cut its outlook, dragging TCS, HCL Tech and Tech Mahindra with it. But the Nifty closed at 24,013, held the 24,000 line, and the rest of the market shrugged it off.
Monday opens with a gap-up and a tailwind from Asia — and no expiry to hide behind. Foreign funds bought cash on Friday but added to a 2.26 lakh-contract short bet on the index. That's the tension: squeeze fuel if 24,000 holds, a trap if the gap-up fades.
In this episode:
- Why one company in Ireland repriced India's entire IT sector
- The 24,000 test and what held it
- The map for Monday: above 24,100 vs back under 24,000
- Education: "sell the news" — why Reliance posted a record profit, filed ...