SATYAM: Can we expect a rise in price as a result of the following news? About eight firms, including global private equity firm Apax Partners, L&T, Tech Mahindra, the Spice Group and IBM
Global Services, have qualified as potential suitors for the beleaguered Satyam Computer Services. The entry of IBM, if finally confirmed, could give serious competition to L&T, so far perceived as the strongest and most serious contender.
3100-3200. Max, 3250, where it could turn back, as there are several gaps in the daily charts. Also, current rally looks more like a relief rally based on pure short-covering. April should set the clear trend and is expected to be volatile, with elections around the corner.free tips: myismoney.blogspot.com