After sustained selling pressure from 3800+ in last few days, formed a Bullish Harami today. RSI rebounded from around 20 levels. 3100 has been a strong support since last few months.
Can be longed for an immediate target to 3600 in next few sessions.
Maruti has been moving in an upward channel. Hit the higher end and is not being able to sustain at 5620 levels.
RSI is overbought.
If we see reversal from these levels, writing 5600 calls (October expiry) is a good trade. Time correction will also help the position.