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26 Dec 2008

Indian Stock Market High Risk High return Investment

1. If as a day trader you are ready to take the risk than this stock is ideal investment for short term and the results will be seen in days. The said stock is Satyam Computers which is having a crucial meeting on 29 Dec with FII who will demand for removal of the directors and even Left has demanded the removal of Satyam independent director Rammohan Rao from the government panel who was a part of the team to select SEBI chief.

2. One can see a surge in the stock price if FIIs have say in the matters and thus one can consider investment in the stock by considering these facts that if the stock breaks than it can touch double digit else same can give 30% returns in a very short time frame. Stock has strong support at Rs 110-114 and in an immediate upsurge it can touch Rs 160- 166 levels.

Update: Satyam has postponed the meeting as reported on 28 Dec 2008.

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