Maruti raises production by 4 pc in November after 9 straight months of output cut
Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross, however, increased by 18 per cent to 27,187 units as compared to 23,038 units a year ago. Mid-sized sedan Ciaz saw its output rise to 1,830 units in November from 1,460 units in the same month last year.
i will go with this view... there is higher chance of 1800 than 1600... good setup for few weeks timeline... even i would expect 1650 to hold if dip comes...
Correction continues .....so waiting for the stocks to come to our buy levels...GDP growth still remains weak and the steps taken by the Govt to revive the economy will take time to reflect in terms of corporate earnings growth...