Home > Market View > Buy or Sell – Satyam

Buy or Sell – Satyam

Thursday, July 30, 2009 Leave a comment Go to comments

Satyam which had a horrific past couple of months but the stock is finally bouncing back. The stock’s fortunes depend on the revival of IT sector, which according to Infosys CEO should happen by middle of 2010. This implies that the price rise in the stock should begin to happen in next 1-2 quarters.

Technically speaking, the stock is in an uptrend and will remain so, as long as it stays above 75-80 levels. below that it can slip into a downward trend or a sideways mode.

In nutshell, I’d be a buyer in the stock and ride the uptrend to may be 125-130 and possibly 150+  in medium term.

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  1. Hari
    Sunday, August 16, 2009 at 7:01 am

    Sir,
    ilike your web site and find your analysis very useful.Sir can you please tell me to hold or sell Arvind,which i bought 1000@ 28.8

  2. Sneha
    Sunday, August 9, 2009 at 2:48 pm

    Hello Sir,

    I am planning to sell some of my ols stocks like Bharti Airtel / Deepak fertilizers Ltd in which I had some losss and I am planning to invest in Satyam for 6 months.

    Is it advisdable to do this?

    Thanks,

    Sneha

    • sagecapital
      Sunday, August 9, 2009 at 4:37 pm

      Pharma, FMCG,Oil and Gas, IT and Power sectors are likely outperformers in next few months.Split your investments.
      Bharti is not moving because of MTN deal uncertainty. Also telecom sector is facing margin pressures. The stock can enter a bear phase if it cracks below 370-380.

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