Sell Maruti Suzuki, says Simi Bhaumik

Simi Bhaumik of simibhaumik.com told CNBC-TV18, "I gave a short call on Maruti Suzuki today to my clients. That time it was trading between Rs 4,350 and Rs 4,360 and now that it has made its first two targets of Rs 4,320 and Rs 4,300. I expected a fall in the stock because it is looking weak. The stock has broken its December lows, Rs 4,410 to Rs 4,425 was its support area for December. Early December it made lows around that level. After making that low, it staged a rally but this time it showed a fresh weakness and broke Rs 4,400 mark. We shorted at highs and we shorted at Rs 4,350.""One can maintain one's short positions in Maruti because I am expecting it to test Rs 4,280 to Rs 4,250 once again. So this sell call is going to be maintained and stop loss maybe maintained above Rs 4,400 to Rs 4,425," she added."I would play contra in Infosys since I see a major support between Rs 1,055 and Rs 1,035 range, this is a very strong support range for the stock. I am going to issue a buy call on Infosys but that is not an intraday trade. I am not asking to go long here, you should book your profits today itself. I am suggesting to take delivery positions between Rs 1,055 and Rs 1,035 because this is a very strong support level and I expect this range to hold even in this fall.""My stop loss would be below Rs 1,030 or below Rs 1,025. One can buy in this correction and my targets are on the upside - Rs 1,075 to Rs 1,095. Going forward, I am expecting it to recover and deliver those targets. We might have to hold for 10-15 days but this is the range where we can go long in Infosys and this is not the level where you should go short."