Call for Monday 12-08-2013
BUY MARUTI AUGUST FUTURE (CMP 1384.55)
Maruti is in OVERSOLD Zone. It has fallen from 1800 to 1300 in last 3 months. Three Technical indicators (RSI, MACD & Stochastics) have produced BUY signal on daily chart. Hence one can consider going long with the following targets.
Intraday
Buy @ 1398 with SL @ 1371
Targets 1405 - 1417 - 1426 - 1438
Positional
Buy @ 1397 with SL @ 1372
Targets 1412 - 1429 - 1443 - 1456
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