Buy Mahindra Satyam for target 105-110: Devang Visaria

Mahindra Satyam, a quick chart check on this stock?

Devang Visaria: For Satyam on the downside, 94-95 is a very crucial support, in fact that’s a 200 day moving average region for the stock, so our bet is that that is likely to hold this 94-95 levels and upsides would be around to 105-110, so you can look for a Rs. 15 on Satyam.

Any one or two stocks that you would like to recommend?

Devang Visaria: You could take a look at as an STBT idea to sell the oil refineries, they are showing some distinct weakness on the charts and a lot of profit booking could come in this sector because for the past three weeks or so, these stocks have just been trading in a 5% or 7% kind of a range, so possibly looking at the fact that there would be a lot of long positions in this and also today’s weakness, you could have some kind of short positions running on this stock, it should make good money over the next one week or so.