TCS to be range bound in the short-term: Mithil Pradhan

ET Now spoke to Mithil Pradhan, Market Analyst, on his views on the market.

ET Now: Do you like what TCS showed in terms of the numbers and the commentary that they give and what the market is showing?

Mithil Pradhan: I really do not understand fundamental numbers as such. Technically if you go back few years in 2007 TCS made a top near 700, it has broken that top and since that time it is consolidating between a range of 720 and 840.

Now at this time TCS is very near to the top range which is 840. If you say whether I am bullish or not, yes I am definitely bullish on TCS but right now I think the range bound activity will continue for a while.