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Satyam Computers stayed within the range between Rs 390 and Rs 440 for most part of last week; as anticipated. The stock is struggling to move past the resistance band between Rs 440 and Rs 450. A move beyond is required to turn the intermediate trend positive.

But a reversal below will mean that the stock can move back to its recent low at Rs 300.

Investors should stay away as long as it stays below Rs 450.

The short-term trend is, however, up in the stock. Move beyond Rs 450 will propel the stock to Rs 480. Traders can hold their long positions with a stop at Rs 386. The next support for the stock is at Rs 360.

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