Sell Maruti Suzuki, says Mitesh Thacker

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Sell Maruti Suzuki, says Mitesh Thacker

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

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Maruti Suzuki See messages about Maruti Suzuki Maruti Suzuki BSE | NSE 10/02/12 Are Mutual Funds betting on Maruti Suzuki?

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."