UnknownUnicorn4260559

Maruti : More Fall is on card.

Short
NSE:MARUTI   MARUTI SUZUKI IND
Maruti has broken major support of 6900 and now trading at 6880. Stochastic is in oversold zone but not has moved above the signal line. RSI has shown positive divergence on hourly chart post which Maruti jumped Rs 150 in 2nd last hour of today's trading but counter couldn't hold upside move and fell with heavy volume . Next support is 6780 which looks like imminent with upside capped at 6950. For tomorrow strategy would to short on small bounce around 6900-6920 with stop loss above 6960 for target 6780. Overall 6550 is the major support on daily closing below which it can break previous low of 6315.
Order cancelled: Call didn't initiate. Maruti made low of 6750
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