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Sell Maruti Suzuki, says Mitesh Thacker
Published on Wed, Nov 11, 2009 at 09:43   |  Updated at Wed, Nov 11, 2009 at 10:44  |  Source : CNBC-TV18

Sell Maruti Suzuki, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Auto is looking very strange sector in the sense that you have got weakness on charts of Hero Honda and Maruti while Ashok Leyland and Tata Motors continue to look strong. So Maruti looks like a sell, the stoploss would be around Rs 1,476 which is a level where the short-term averages are placed and I think the stock will probably decline to levels of around Rs 1,375 and below."


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