Mar 29, 2017
ASIANPAINT (Till April Expiry)
ASIANPAINTS showed strength from Rs. 1006 levels, this move was mainly because of some
long formations and short covering. Yesterday, we witnessed significant amount of fresh long
addition. This counter has an immediate resistance around Rs. 1085-Rs. 1095, but looking at
the quantum of long formation, we believe this counter may surpass its resistance levels. Thus,
we suggest traders to form fresh longs for the targets of Rs. 1158.
Sneha Uttam Seth
022-3935 7600 Extn: 6824
Profit Booked on 24-03-17
Research Team Tel: 022 - 3935 7600
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