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US markets ended negative.Europe also ended negative.Asia has opened in red and is also trading in red.Expect a gap down opening in Indian Markets. NIFTY magic levelsCurrent Spot – 3554.60Support – 3505 and 3470Resistance – 3590 and 3645 Day Trading Ideas – Sesa GoaBuy above 141 for targets of 145 and 148Sell below 131 for [...]
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Tech Mahindra’s acquisition of Satyam Computer Services may have come as a relief to the market, but analysts see a tumultuous journey ahead for the former. As regards the upcoming open offer, analysts aren’t sure of the kind of response the offer would evoke. They also appear to be quite cautious about the impact of [...]
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Maimed and left gasping for a lifeline, Satyam Computer Services has finally found its new knight in shining armour, Tech Mahindra. The bidding process for the beleaguered software firm culminated on Monday with TechMa emerging as the highest bidder with an offer price of Rs 58 per share. TechMa’s price outbid other suitors, engineering giant [...]
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Tech Mahindra wins the BID for Satyam Computers and the bid was for 58 rs , So they will paying 1757 crores for 31 percent holding from Satyam and they would be paying 2890 crore to acquire 51 percent stake in satyam .It heard that Larsen toubro bidded for only 49 rs.Satyam fell down to [...]
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Satyam Computer Services Ltd. will open the bids to buy a stake in the company Monday , Deepak Parekh , one of its government-appointed directors, said Wednesday. The Satyam board has asked S. P. Bharucha , a former chief justice of India, to oversee the sale process. Mr. Parekh had said Saturday Satyam will decide [...]
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Satyam is a stock who’s movement you cant predict. This stock is moving according to the news and rumors coming. First LNT hikes its stake in Satyam and now I Gate solutions and even Hinduja Group are eying Satyam. When the stock price was 20 – 24 people thought it would go further down but [...]
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US markets ended marginally positive.Europe ended a negative note.Asia is bonded to open flat to negative.Expect Indian Markets to follow the same trend.Markets now looking highly oversold.The target for the Sensex is 9200 and the resistance to the up move is at 9528-9708Nifty: (2846) the target for the Nifty is at 2740 and the resistance [...]
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Satyam saga is still going on. Inflation is cooling and IIP numbers come good.We saw volatility last week.The comming week I dont expect much of upside.I am bullish on FMCG and Cement stocks and to some extent energy stocks such as NTPC and BHEL. Stock to watch out this week. NTPCLNTPunj LlyodBHELUnitechSuzlon Written By -Vinod [...]
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The past week was a horrible one. A company like Satyam can do such a big fraud, unbelievable. The stocks made a high of 189 and a low of 11.50 in the past week. Its all time high is 575 and all time low is 11.50. Raju is now sent in jail. But the innocent [...]
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Satyam did Satyanaas Yesterday I saw all business celebrity and politician talking about that we should take firm step to stop all this kind of fraud but why now? We have habit of suffering and experiencing from last so many years whether it is 26/11 mumbai attack or Raju’s attack on investors. I simply not [...]
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