Target of 95-96 for Satyam: Devang Visaria

ET Now spoke to Devang Visaria, Chief Strategist, devangvisaria.com, on his views on the Satyam stock.

ET Now: Technically what do you think about Satyam?

Devang Visaria: Satyam is right now near supports of 88-87 levels and on the upside, 95 96 is a very crucial resistance.

So more or less, it is likely to be range bound and at this level possibly you have a decent risk-reward ratio. So you could look to initiate some long positions at these levels with a stop just below 88 and on the upside, you could have a trading target of 95-96.