Friday, August 02, 2013

Tech Mahindra on 5th August

Intraday levels for 5th August

Today's close : 1233.25

Resistance Levels : 1280.55, 1313.925, 1352.85
Support Levels : 1208.25, 1169.325, 1135.95

Inorganic growth assisting TechM in its fluidic price movements, though I don't see TechM crossing 1300 before the AGM (12th August).
Recent deals with Schahin Petroleo and a LATAM banking deal ( both SAP ERP) worth multi-million dollars may assist TechM erstwhile MSAT :) further.

Q1 FY'13 results'll show the acquired inorganic ma(o)ss. Q2 FY'14 should say the facts on both bottom and top.. ha ha who knows, TechM may gather more moss, polaris acquisition is in pipeline.. let's see



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