May 2006


Dear all ,

As predicted yesterday Satyam (Satyam at Channel resistance)indeed was unable to cross the resistance  levels in the channel formation on the chart . Given that overall market  cues are also negative am suggesting a short in Satyam with a price target

of 625 .

SATYAM CHANNEL1.JPG

Satyam Short
Target Price ->> 625
Stoploss ->> 730
Holding Period ->> 10 trading sessions

Avinash MB

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