Buy Maruti Suzuki with a target of 1500
The market has responded well to the government new FDI policy which has helped Maruti. I stay positive for maruti as the july month sales were above expectation. Slowdown has affected all the company in this sector but Maruti's car sale has gone up which is a green signal. I recomemd to buy Maruti with a target of 1500.
The technical indicators are show positive trend. The price line is about to touch the 20 day EMA line. MACD has already given a cross over.
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