MARUTI SUZUKI – DAILY
Maruti touch the high of 1743.60 on 18th Feb’14 and after that is was going down for next two days with increasing OI. Again a sudden increase in OI on 21st Feb’14 which was 9-10 times more than the previous OI with decreasing price.
It gave us a signal to short this stock around 1700 level on 24th Feb’14 with SL of 1717 which is high of 20th & 21st . After this stock touched a low of 1580 i.e more than 5% return within 4-5 days.
Next support is around 1540 (cash level) which is low of 28th Jan’14 also it is a very significant candle because of highest volume generated in this candle for this year
