What is the outlook for Satyam Computer and Gujarat Ambuja Cements?
Sekhar Satyam Computer (Rs 374.1): There is a strong resistance at the Rs 410-420 range. A convincing uptrend would take shape only if the stock moves above this resistance zone. The recent price pattern indicates that the stock is likely to rule weak in the near term. Those who are holding profitable positions may book partial profits by selling at market rates; for the balance, a stop-loss may be placed at Rs 354. Gujarat Ambuja Cement (Rs 342): The short-term outlook appears positive. A move to the Rs 365-370 range appears likely. The positive outlook would be negated if the stock drops below Rs 325. This would result in the completion of a bearish “head and shoulder” pattern and may push the stock to the Rs 295-300 range. Hold with a stop-loss at Rs 325. What is the outlook for Tasc Pharma bought at Rs 138 and Gujarat NRE Coke at Rs 89? Srinagesh Tasc Pharma (Rs 153.8): The outlook appears positive and a move to the Rs 175-180 range appears likely. Taking into account your purchase
