Maruti in free fall!

Maruti Suzuki has fallen after its quarterly results to 1180 which is an important support area. In my earlier post on Jan 06, 2010 (http://terran23.blogspot.com/2010/01/maruti-in-reverse-gear.html) I had mentioned that the stock will decline to 1360. The stock then went on to form the death cross (50 dma goes below 200 dma) and then attempted to climb over 200 dma which is at 1420 levels. The stock has seen a steep sell off and can fall to 1100 or below. In fact if the overall market declines we will see triple digit levels in the stock.