Maruti Bullish Outlook

Maruti right now consolidating between 7250 and 7550 zone in short term . Any break of his level will set its direction for next month series. Close above 7550 will take maruti towards 7900 levels in dec series. On downside it has strong support around 7250 and 7050. At present it is highly unlikely it will trade below 7050. One can go long at present around 7430 for tgt of 7900 in dec series. To hedge this position buy 7100 put(dec) around 115.

Disclaimer: Views shared are only for educational purpose. It is no recommendation to Buy, Sell Or Hold any script/index
Trade closed: target reached
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