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Dec 30, 2008, 12.08 PM IST
Technical Analyst, Ashwani Gujral is of the view that one can buy Satyam on bad news, which takes it at around Rs 110-114 and sell on good news, when it goes upto Rs 159-160.
Gujral told CNBC-TV18, "Satyam is a buy on bad news, which takes it at around Rs 110-114 and sell on good news, when it goes upto Rs 159-160. I think going by what is happening the management won’t quit so easily, so you will get those spikes down to Rs 115-120 type of levels. So, if you have to trade get in on bad news to those levels and sell whenever there is some good news. I think beyond Rs 160 will happen only once there is some durable good news and then significant resistance would be around Rs 200."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
Action in Mahindra Satyam
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals