• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Satyam moved lower along with the rest of the IT pivotals last week. The stock has once more moved close to the long-term support at Rs 400. The stock has been repeatedly battering on this buttress since August 2007. Traders ought to wait for this level to be breached before playing short. The next target for the stock would be Rs 370.

The important resistance zone for the week ahead would be around Rs 430. Inability to move above this level will be a cue for short-term traders to initiate short positions. The resistance beyond would be at Rs 455. The medium term outlook will turn positive only on a move above this level.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
AIG Infrastructure and Economic Reforms Fund — A diversified theme

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line