Maruti sell on rise candidate
Maruti spot cmp 7850
Small local level of support around 8025 was seen in counter, As counter have given breakdown from local support levels can assume distribution at higher levels done by strong hands,, no at the moment counter is trading around support levels of previous swing high,, so if counter breaks this support zone more selling can be seen or if counter bounce from this levels can go short around 7980 to 8020 levels,, view gets negated above 8050 levels on closing basis..
Small local level of support around 8025 was seen in counter, As counter have given breakdown from local support levels can assume distribution at higher levels done by strong hands,, no at the moment counter is trading around support levels of previous swing high,, so if counter breaks this support zone more selling can be seen or if counter bounce from this levels can go short around 7980 to 8020 levels,, view gets negated above 8050 levels on closing basis..
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