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Stock of the day : Maruti Suzuki Ltd For Target Rs. 280- Religare Broking
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Maruti Suzuki Ltd
* After a eight months of steady upmove. MARUTI is now showing some sign of distribution.
* It has witnessed a breakdown from the consolidation closing below its medium term moving average.
* Stock has registered breakdown from upsloping channel with noticeable volumes suggests bearish tone to extend further.
* We thus recommend creating shorts through the Put option.
Buy 10000 PE Maruti Suzuki Ltd CMP 135; Range 134-136; SL 60; Target 280
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SEBI Registration number is INZ000174330
