Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Maruti Suzuki in last couple of weeks has corrected to its 50-day moving average. So, this is a point where the positional trader comes in. He puts a stop loss around say Rs 5,900. You can easily have a re-test of Rs 6,200- 6,250 and maybe even beyond. So, right now your downside is may be Rs 100 but upside could be Rs 400.""Polaris Consulting is a buy with a stop loss of Rs 182 for target of Rs 196. J Kumar Infraprojects is also a buy with a stop loss of Rs 248 for target of Rs 264. Maruti Suzuki is a buy with a stop loss of Rs 5,900 for target of Rs 6,050," he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!