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Satyam Computers reversed from the resistance band between Rs 480 and Rs 500 indicated last week. The near-term outlook for the stock will stay ambivalent until the stock makes a strong move past this band. Fresh longs should be initiated only when the stock closes above Rs 500. The long-term moving average lines positioned at Rs 461 and Rs 447 will provide support for the week ahead.

The medium term outlook for the stock remains neutral and we envisage a move between Rs 400 and Rs 500 for a few months. Swing traders can initiate fresh shorts at current levels with a stop at Rs 510.

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