Go long on Mahindra Satyam: Sukhani

Sudarshan Sukhani of s2analytics.com advises to go long on Mahindra Satyam.
 
Sukhani told CNBC-TV18, "I would consider that because at Rs 118-120 Mahindra Satyam has lot of support so that support holds or it is also going to go with other IT stocks and the broad IT outlook becomes weak. That is a different issue. However, at this point one should be a buyer into it. There is no rush into buying it as the market opens weak, but the trade should be to be on the long side.”
 
Mahindra Satyam touched its 52-week high Rs 131.20 and 52-week low Rs 70.65 on 28 March, 2013 and 17 May, 2012, respectively. Currently, it is trading 14.48 percent below its 52-week high and 58.81 percent above its 52-week low. Market capitalisation stands at Rs 13,209.59 crore.