Maruti-Suzuki is it a gud buy @ current levels?

[confusion]

HI,
After the results this stock has corrected more than 10%.Is it a good buy?

 

[nkhotchandani]

you should wait for some time , so that scripts settles down a bit , before entering fresh. Overall trend is not positive.

 

[d_s_ramesh]

MARUTI is bearish.

 

[rajeabc]

http://www.traderji.com/futures/43119-bought-1-lot-dlf-330-august-2010-expiry.html

 

[Taurus1]

It's a goodbye

 

[simple_trader]

My 2 cents, Maruti is weak but most of the price damage has already been done for time being. It will be side way. Support is around 1170 future.

 

[elsypc]

MOST ACTIVE futures(July 2010) for MARUTI closed at 1196.40 (Rs. 4.95 PREMIUM) with a turnover of Rs. 804.97 Crores.
Adds 551750 shares(24.06%) in open interest pushing the open interest to 2844750 shares.

How should I translate the above with the CMP of 1207.50?