TCS UPDATE

If TCS can hold its recent low at a cash price of 2991, it has the potential to rally initially toward 3110. Should that level be surpassed, the upward movement could extend up to 3170. From a time-cycle perspective, Monday is a critical date.
Please note, this is a risky trade and should be approached with caution. If this view is indeed realized, TCS has the potential to rally more than 10% from its current level. However, patience is advised for now.

ICICIBANK: The Last Line of Defense for Nifty and Bank Nifty

“Once ICICIBANK decisively breaks below the 1458 cash level, the crucial downside protection it provides to the broader indices is likely to disappear. Given its significant weightage on both the Nifty and Nifty Bank, such a move would trigger increased pressure on the indices to breach their own supports.
Should ICICIBANK capitulate below 1458, we could anticipate the stock dropping towards 1440 and 1421 on a cash basis in the coming days.
ICICIBANK and HDFCBANK currently stand as the only stocks effectively holding the markets above their critical support thresholds.”

AXISBANK’s Downside Confirmed: The Battle for Key Support Begins

https://ganninsides.com/2025/07/08/decoding-axisbanks-stagnation-technicals-and-critical-dates/

Our bearish call on AXISBANK, initiated on July 8th, has been decisively validated. We highlighted the significance of the ₹1155 breakdown level, and its breach yesterday unequivocally confirmed our downside projection, leading to the ₹1100 cash target being achieved today. This rapid fulfillment underscores the strength of the move post-breakdown.

At its intraday low, AXISBANK has now arrived at a pivotal support confluence: the ₹1065 to ₹1085 zone on the cash chart. This area represents a critical decision point for the stock.

Looking ahead: The market’s immediate focus shifts entirely to the resilience of this support band. A sustained break below the ₹1065-1085 range would signal a significant deterioration in the technical structure, opening the door for an accelerated decline towards ₹1031 and potentially ₹991 in the very near term. Conversely, a strong bounce from this zone could indicate a temporary reprieve or consolidation.

Traders and investors should monitor this key support with extreme vigilance, as a decisive move here will dictate AXISBANK’s trajectory for the remainder of the week and potentially beyond.

INFY: Double Whammy Approaching – Gann Cycle Meets Earnings

Get ready for action, INFY traders! We’re staring down a critical Gann time cycle on July 24th, directly coinciding with the Q1 earnings release on July 23rd. This isn’t just any cycle; it marks a full rotation from the April 7th low of 1307, signaling a potential major turning point for the stock. Expect serious volatility.

Price Levels to Watch:

Resistance at 1649: This is the current ceiling. A break above it is unlikely, and it could mark the end of the recent rally.

Key Support at 1558 (Cash): Holding this level is crucial. As long as INFY stays above 1558, immediate downside risk is limited.

Downside Targets if 1558 Breaks: If 1558 gives way, be prepared for quick moves to 1526, 1490, and potentially 1450, or even lower.

Given this setup, we’re not waiting. We’re looking at options strategies that can profit from significant price swings in either direction. Whether INFY bounces off resistance or crashes through support, our options playbook will aim to capitalize on the post-earnings volatility. Think straddles or strangles to capture the magnitude of the move.