oil and satyam shares - shall i purchase now

#1
Dear friends

I want to purchase OIL and Satyam (or) Maytas at this point of time, should I or Not can i expect OIL to reach 3000 or 4000 mark, and Satyam to reach around 300 or 350 (or) Maytas to around 300

Give me your valuable suggestion , thank you

regards
santiswaroop.k
 
#2
Not sure on Oil but Satyam has stabilized at around 120 for quite sometime now. I guess only some very good news can take it above this resistance level
 

sudoku1

Well-Known Member
#3
Dear friends

I want to purchase OIL and Satyam (or) Maytas at this point of time, should I or Not can i expect OIL to reach 3000 or 4000 mark, and Satyam to reach around 300 or 350 (or) Maytas to around 300

Give me your valuable suggestion , thank you

regards
santiswaroop.k
u can invest 25% of the funds allocated for these 2 counters @ currrent price.:)
 
#4
Thxs soduku for the reply, another small doudt, how far do you expect the sensex to go further down the line for around 1yr from now on, will there be a down fall after some time, so that i can purchase then
 

sudoku1

Well-Known Member
#5
Thxs soduku for the reply, another small doudt, how far do you expect the sensex to go further down the line for around 1yr from now on, will there be a down fall after some time, so that i can purchase then
my plesure frnd.

i m not able 2 PREDICT the sensex frankly....but yeah i m a trend follower.
till the SENSENIC stays aflot....no need 2 worry ....

http://www.traderji.com/position-trading/21819-sensex-technicals-195.html#post367819

but frm now on only traders who can flip instantly should b riding the trend....for invstrs....let the bus b missed....wait for another bus.
:)
 

umeshpune

Active Member
#7
The little that I know of trading, Satyam is presently trading close to its 200DMA, It has strong resistance at Rs. 125/- any breakout above Rs. 125/- would take it to Rs. 133/-, 145, 165/- levels

Sooner or later it will take it off, Hold on if you are holding it.
 
#8
Sensex is overvalued by around 14% at current valuations. See my other post about sensex.

As far as satyam, its a good long term buy. Also see my other post on satyam valuation.

my plesure frnd.

i m not able 2 PREDICT the sensex frankly....but yeah i m a trend follower.
till the SENSENIC stays aflot....no need 2 worry ....

http://www.traderji.com/position-trading/21819-sensex-technicals-195.html#post367819

but frm now on only traders who can flip instantly should b riding the trend....for invstrs....let the bus b missed....wait for another bus.
:)
 

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