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Maruti Suzuki Ltd

BUY 30 JUN 13200 PUT SELL 30 JUN 12700 PUT Entry Range 170-180 Target 320 Stop Loss 120

Rationale

• MARUTI continues to exhibit a weak technical structure, where the stock prices continuously traded below its 20- DEMA and 50-DEMA. The inability to sustain above these key moving averages highlights persistent selling pressure and keeps the broader trend tilted to the downside.

• Price action indicates a strong resistance zone in the 13200 zone. Recent recovery attempts have failed to attract sustained buying interest, suggesting that market participants are utilizing higher levels to reduce long positions.

• Momentum indicators remain subdued. The RSI is hovering near 40 mark, reflecting a lack of bullish strength, while the MACD remains in negative territory with a flat histogram, indicating weak momentum and limited upside conviction.

• As long as the stock remains below the 13500 zone, the bearish undertone is likely to persist. On the downside, immediate support is seen near 12700, followed by the crucial 12500 level, where buying interest may emerge.

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SEBI Registration number is INZ00017433