Buy Satyam above Rs 90-92: M Thacker

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Buy Satyam above Rs 90-92: M Thacker

Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that one can buy Satyam Computer Services above Rs 90-92 because that becomes a significant breakout and possible target could be around Rs 120-125 levels.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Mahindra Satyam See messages about Mahindra Satyam Mahindra Satyam BSE | NSE 09/02/12 Are Mutual Funds betting on Mahindra Satyam?

Mitesh Thacker , Technical Analyst, miteshthacker.com is of the view that one can buy Satyam Computer Services above Rs 90-92.

Thacker told CNBC-TV18, "In Satyam Computer Services we had a long call at the levels at Rs 78 which one need to exit around Rs 88. I think Rs 90-92 is the key area. Once the stock manages to probably move above that it again becomes a buy because that becomes a significant breakout and possible target could be around Rs 120-125 levels where the 200 DMA of the stock is."