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6 Jan 2008

Satyam Computer update

1. Since Information technology is in down trend I decided to undertake review of Satyam also as it is also one of the key players in Indian IT field.

2. The down trend in the stock is intact and the same has been confirmed by 10 week ROC which has gone deep into the negative territory.


3. One can short the stock below 424 for a likely target of 401 or a target of 371.

4. Bullish trend will only commence once the stock closes above 455 level as indicated in previous posts at Free Indian Share Tips and one can accordingly take the position.

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