MARUTI is in down trend. After
making a double top, it is coming down. Friday’s low is very crucial for
MARUTI. It has closed at 1894.20, around the strong support zone of 1885 and
1890. There is a fair chance that it may bounce from here. In that case we will
not do
any trade in MARUTI. But if in case of breach of 1890 and trade below
this decisively, one can go short on this stock for the targets of 1870 and 1845.
A strict target can be set at 1820.
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