5% to 7% move in Satyam shares possible tomorrow

Last few days chart suggests that Satyam shares might have more than 5% move on either sides. I am speculating this on purely technical basis. On January 20th, the equity had last high of Rs.67.20 and today it has closed at Rs.67.45 on NSE. This means, the stock should now try to get to the next resistance of Rs.72.15.

Possibly tomorrow the stock might see the price of Rs.71. To benefit from this equity trading opportunity, I will buy the stock if it opens in Red. It will ensure that even if it doesn’t move the way I anticipate, I will still be able to make profit.