Go short on Maruti: Sandeep Wagle, APTART

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in a chat with ET Now talks about Maruti and Infosys.

Would you be a brave heart and go out and buy any of these -Suzlon, JP Associates and RComm and would you stick to your buy call on Infosys?

I am a little confused because of the way it is falling. But if it closes strongly, if it closes nearer 3060, I would stick to my buy call on Infosys. If you ask me for a BT/ST today, I would give an ST/BT in Maruti. Maruti has broken the swing low and one can make a 2-3% between now and tomorrow morning. As an investor I would advice people to buy if they can see another 4%-5%-6% downside. As a trader I would rather go short and play for that 4%-5%-6% downside because as a trader that means quite a lot.