Krish Subramanyam of Asit C Mehta Investment told CNBC-TV18, "Maruti Suzuki India has seen some long unwinding and with the auto pack also showing some sort of weakness we feel that this weakness could continue in the coming days and therefore we are recommending a bear spread in Maruti, buying a 1750 Put at around Rs 40 and corresponding sell a 1650 strike Put at around Rs 9."
"The net cost comes to about Rs 31 and one could probably keep a target of around Rs 60 and maybe keep a stoploss of Rs 14," he adds.
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