Maruti Suzuki
-Total sales up 19.5 percent at 1.51 lakh units versus 1.26 lakh units (YoY)
-Domestic sales up 23.4 percent at 1.44 lakh units versus 1.17 lakh units (YoY)
-Export sales down 29.4 percent at 6,723 units versus 9,524 units (YoY)
Technical View
Support at 6550 and resistance at 6750
Trend Looks positive only closes above 6750 level.
Close above 6750 will take it 6750--6900++.
trend looks weak only below 6550.
Trade with levels only.
Eicher Motors
-Total motorcycle sales up 25 percent at 60,142 units versus 48,197 units (YoY)
-Total motorcycle exports up 36 percent at 1,578 units versus 1,160 units (YoY)
Eicher VE CV
-Total sales down 42.2 percent at 3,077 units versus 5,326 units (YoY)
-Domestic CV sales down 44.5 percent at 2,578 units versus 4,641 units (YoY)
-Exports down 27.2 percent at 499 units versus 685 units (YoY)
Technical View
Support at 26200 and resistance at 26800
Trend Looks positive only closes above 465 level.
Close above 465 will take it 26800--27200++.
trend looks weak only below 26200.
Trade with levels only.
Tata Motors
-Domestic passenger vehicle sales up 23 percent at 12,827 units YoY
-Domestic commercial vehicle (CV) sales down 36 percent at 16,017 units YoY
-Total sales down 21 percent at 30,972 units versus 39,389 units (YoY)
-Exports down 43.8 percent at 2,128 units versus 3,785 units (YoY)
Tata Motors says
-Expect production, wholesales & retails to pick up in May & June
-CV sales impacted by Supreme Court order on banning BS-III units
Technical View
Support at 450 and resistance at 465
Trend Looks positive only closes above 465 level.
Close above 465 will take it 465--471++.
trend looks weak only below 450.
Trade with levels only.
Escorts
-Total tractor sales up 20 percent at 4,899 units versus 4,086 units (YoY)
-Domestic tractor sales up 18 percent at 4,760 units versus 4,048 units (YoY)
Technical View
Support at 540 and resistance at 560
Trending in range either side breakout with volume will decide furture
Hero MotoCorp
-Total sales down 3.4 percent at 5.91 lakh units versus 6.12 lakh units (YoY)
-Raised prices across models by Rs 500-2,200 from May 1
-Expect to maintain trend of robust sales in May
-Raised prices to partially offset commodity cost increases
Technical View
Support at 3300 and resistance at 3400
Trend Looks positive only closes above 3400 level.
Close above 3400 will take it 3400--3470++.
trend looks weak only below 3300.
Trade with levels only.
More will update soon!!
