Technical Report :::: MARUTI

[naresh0...@yahoo.co.in]

MARUTI CMP:739
MARUTI is consolidating in a range of 720-740 levels in last few
trading sessions. The
14-day RSI is indicating the stock to be inthe 'oversold' territory
thereby negating
any significant sell-off in near term. The 21-day EMA is placed at
around 740 levels
where the stock is facing strong resistance @ 740 level .A sustained
close above 740 levels will
help the stock to test its strong resistance @ 800 levels. Immediate
support is placed at around 700 levels .
A slide below that level will force the stock to test lower levels of
650 .
Investors are advised to accumulate the stock in the range of 700 -
740 levels for an
immediate target of 800 & 850 . All long positions in the stocks
should
be protected with a stop loss placed below 700 levels on a closing
basis.

[Sukumar]

Very Good Naresh,you have picked a stock that is strong in both
technical and fundamental.Maruti is competing with few rivals who is
producing 4-wheelers.Fundamentally it has weighted by its sales and
market cap.Then most of the times its dominating the market movement
and increasing its contribution towards the automobile sector.your
information about the stock using technical terms are good,but try to
give the report with simple and easily understandable manner.The
readers should gain and attracted by your report.This is a kind
suggestion to improve your writing skills.All the best,do the best.

N.Sukumar