MARUTI added around 6.7% of open interest as short positions on previous trading session. It has also breached its immediate support level on the lower side with noticeable rise in volumes. We expect it to fall till 7250 in short term. Considering the current scenario, we recommend buying MARUTI Aug put as per levels given below.
BUY MARUTI AUG 7300 STRIKE PUT BETWEEN 94-95, SL 60, TARGET 150.
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