Satyam has support at Rs 48

Satyam has support at Rs 48: Sukhani Technical Analyst, Sudarshan Sukhani is of the view that Satyam has support at Rs 48.. Sukhani told CNBC-TV18, “Satyam has given us some kind of a support. So, anyone who says, I believe in this news and I want to go long in Satyam can have a stoploss of Rs 48. Earlier, we did not have an exit strategy, so just entering this stock without knowing how to get out was dangerous. But now there is a decent amount of support at Rs 48, if that breaks something has gone wrong, now it is difficult to say whether it will go up because a lot of this is new driven but long position can be taken with that exit in mind.”