Buy Mah Satyam for long term, stoploss below 80: Vinith Jain

ET Now spoke to Vinith Jain, Director, Siddh Capital, on his views on Mahindra Satyam.

Technically, how does Mahindra Satyam stock look?

The stock has been drifting lower for quite sometime, yet the stock has been able to hold the support of Rs 80 in the entire correction. In fact it did a couple of times and the stock right now is also trading near the same support zone.

So I would in fact look to take longs with a stop loss below those supports and a price objective of Rs 115 in the near term is very likely.