Maruti 2016 Diary- What a jump from 5150 to 5450

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From Short Term Update in one & only one post of 2106- as suggested, one should not jump in the car immediately when it was trading at 5195-5200 levels- should wait for the pullback close to 5150 levels- keeping stops below 5035-key level.

Got the entry between 5150-5170 -Jumped to 5250-5260 & sustained move above that zone -it achieved 5450-5500 in yesterday's session.

Almost done on upside- but no confirmation for a down move so we will wait & watch next.

This is how we moved in 2016

Monthly Down to 3000-3200 & Daily Up to 5250-5450

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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