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Sunday, May 4, 2014

4-5-2014 - MARUTI



            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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