Kulkarni upbeat on Tech Mahindra, Mahindra Satyam

Shardul Kulkarni of Angel Broking told CNBC-TV18, "I would prefer Mahindra Satyam or better than that I would prefer Tech Mahindra. The chart structure of Tech Mahindra is a very strong breakout in today's trading session."

He further added, "Going forward Tech Mahindra can move towards Rs 1,020 or even Rs 1,050 levels. So I would be quite bullish in case of Tech Mahindra rather than Mahindra Satyam. Sintex Industries- I would not trade, very similar to JP Associates, a pullback rally taking place, but in case of Tech Mahindra it is a clear breakout. So I would prefer Tech Mahindra and Mahindra Satyam way over Sintex." Disclosure: It is possible that we have positions in the stocks discussed and we have recommended them to our clients.