Go long in Maruti: Mithil Pradhan

Mithil Pradhan of Violet Arc Global Managers told CNBC-TV18, "Maruti Suzuki is actually bucking the trend. Maruti had created a kind of a rectangle pattern over the last one or one and a half months. The rectangle pattern measured from Rs 3400 to about Rs 3800; 400 points. Now, though I don’t want to go long in a market like this but then if I have to take a momentum trade."

"I will go long on Maruti right now with a target of at least, from the pattern at least it is saying Rs 4200 on the upside. However, I would like to short Nifty in front of that because I don’t want to go naked long in the market right now," he said.