2 bearish setups posted in last few days from Auto sector, #Ashokleyland and #Maruti, and #Escorts just came in watchlist for short side...I'd avoid longs in auto sector for June/July...#CnxAuto near 11400 currently...I think we see good profit booking in June/July in this space

More from Prashant Bhansali

#RIL tgts are 2180 and 1820 positional over next few months if the high made at 2856 doesn't cross.

Not looking good.

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