Buy recommendation on Satyam: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his views on Satyam.

What is the call on Satyam?

Buy recommendation on Satyam. This stock is going up a bit against the trend. Satyam, given a target of about 3-4%, would be a hold for about a week or if the target is reached sooner.

Satyam though I would shorten the target a little bit and hold it as a day trade only. If it finishes really strong, then it could be held overnight for a larger target but Satyam would be more of a day trade here. It has not really gone above its last minor top whereas LIC Housing has. So there is a difference there.