23
Oct
11

Maruti Strike ends..

Finally, Maruti strike has been called off after 14 days. Agreement was signed between Management, workers and  the Haryana state government. Apart from a 30 odd workers, all workers including 1200 casual workers have been taken back by the  management. Few days back, I had written about Maruti troubles https://writingoptions.wordpress.com/2011/10/18/maruti-trouble-continues/.

I was quite active in writing Maruti OTM calls yesterday. I also bought protection by buying lower level call. I am not confident about the  sustained share price rise in Maruti. Yen appreciation, growing competition and slowing sales growth in FY12 will impact company stock performance. I think the  company will find it tough to cross its 200 day moving average (DMA).

Advertisements

0 Responses to “Maruti Strike ends..”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


October 2011
M T W T F S S
« Sep   Dec »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 232 other followers

Archives


%d bloggers like this: