Tuesday, November 2, 2010

MARUTI - www.ashudutt.com

MARUTI UDYOG - SHORT TERM: STRONG, LONG TERM: WEAK, PREVAILING BIAS: NONE
If Maruti breaks 1500, it could head straight to 1600. It has had a straight run from 1200. Thats great for an intermediate trend. The long term trend will get strong once it crosses 1600. The floating stock in Maruti is just 8%. 54% is with Promoters and 38% with institutional investors. If you have it hold it. Should be ok for a short term trade till 1600 and perhaps even a longer term trade beyond that
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