Maruti - Short on confirmation

٢٤ سبتمبر ٢٠١٦

Maruti has been moving in an upward channel. Hit the higher end and is not being able to sustain at 5620 levels.
RSI is overbought.
If we see reversal from these levels, writing 5600 calls (October expiry) is a good trade. Time correction will also help the position.