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Why going long on Maruti Suzuki futures is a good bet - The Hindu BusinessLine


Why going long on Maruti Suzuki futures is a good bet
As volatility is expected, risk averse traders can stay away from this trade
The stock of Maruti Suzuki is ruling at a crucial level. The stock finds an immediate support at ₹6,311 and the crucial one at ₹6,247. A close below the latter will change the medium term outlook to negative for Maruti Suzuki, which can drive it down to ₹5,888. The stock finds immediate resistance at ₹6,510 and only a close above ₹6,840 will reconfirm the long-term bullish trend. In that case, Maruti can reach ₹7,740. We expect the stock to be more volatile. ....

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