Buy Mahindra Satyam for a short term: Somil Mehta
Mahindra Satyam in the short term a little positive, but in the medium term remains a range bound.
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| Updated: ET Now spoke to Somil Mehta, Sr. Technical Analyst, Sharekhan, about Mahindra Satyam.
How is Mahindra Satyam looking on the charts vis-à-vis some of these IT majors which have actually started to lose steam in the last 2 to 3 trading sessions?
Satyam is looking good on charts, it has started forming higher tops, higher bottom so should move on right now in the short term till at least 80-82 levels. But overall should be in this range in the medium and the long term for some time and then pick up. But in the short term a little positive, but in the medium term remains a range bound.
How is Mahindra Satyam looking on the charts vis-à-vis some of these IT majors which have actually started to lose steam in the last 2 to 3 trading sessions?
Satyam is looking good on charts, it has started forming higher tops, higher bottom so should move on right now in the short term till at least 80-82 levels. But overall should be in this range in the medium and the long term for some time and then pick up. But in the short term a little positive, but in the medium term remains a range bound.
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