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Satyam Computers too took a breather last week, moving in a band between Rs 445 and Rs 460. This move will be construed as the second leg of the up move that began at the trough at Rs 405. The third leg can take the stock higher to Rs 465 and then Rs 477 in the short-term. However, the stock will face resistance from the long-term moving averages in the zone between Rs 460 and Rs 470.

Short-term supports for the stock would be at Rs 445 and then Rs 438. Traders can continue to buy in dips with a stop at Rs 435. Investors need to hold with a deeper stop at Rs 404.

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