Those studyin satyam regularly now should prepare to have some position in this counter....our trading range is 41/50... now its just close to Rs. 50 at the same time two factors are there which may affect counter to go above Rs. 50
the first is good market condition and the second is some bubbling news happening in satyam...so trading above Rs. 50 will definately may give some pop up in the counter at that time with Rs. 46 strict stop loss one can make position in the counter with some 20 to 25% upmove target.
Now market is not in a sale zone at all now selling comes only below 2850 level cash level and at this juncture looks little difficult to happen so...trade with the level above 2980 mkt will get more strengh which may lead to 3100 levle in coming days...tomorrow for intraday mkt will become weak below 2880 ( cash) level
DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY
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