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Satyam whipsawed blindly between Rs 400 and Rs 500 in the last fortnight keeping everyone guessing. There is an important resistance band between Rs 480 and Rs 500 for the stock.

The intermediate term outlook for this stock will turn positive only if the stock moves beyond this resistance band.

However, we expect the stock to stay within the range between Rs 400 and Rs 500 for the next few months.

The short-term trend is not apparent in Satyam. Traders can abstain from trading in this stock for the week. The supports for the week would be at Rs 440 and then Rs 425. Resistances for the week would be at Rs 490 and Rs 500.

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