TCS (Tata Consultancy Services) Gamma Exposure (GEX) saw a drop from 138K PD to 58K due to a -1.6% decline in TCS's share price. It's important to exercise caution as TCS's quarterly results are expected to be released today. Moreover, Accenture's layoffs last month due to a lowered IT spending outlook from TCS will be closely monitored.
Looking at the historical chart of TCS GEX from January 03, 2022, to
April 10, 2023, it's evident that as the stock price rises, the GEX
remains positive, and the volatility decreases. Conversely, when the
stock price drops, the GEX stays in negative territory with an increase
in volatility.
Nifty GEX at What is GEX (Gamma Exposure)? .
Historically how Nifty GEX has moved at Historical Nifty GEX
Other links:
Other methodologies for calculation of GEX How to Calculate Gamma Exposure (GEX) and Zero Gamma Level
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